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May 12, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is declining again as the dollar recovers and risk appetite partially returns to the markets, prompting investors to reduce their exposure to the precious metal. If the price remains below 3,230, it could head towards the 3,180-3,160 levels in the short term. A return above 3,250 could restore some momentum.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
3238.76
3231.37
3226.85
3219.87
3212.47
3208.37
3201.39
USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil prices are currently holding near their highest levels in two weeks, supported by expectations of declining supply and cautious optimism about improving demand. If positive trading continues, the price may test 63.50 in the coming sessions. A break below 61.70 could re-instate some market pressure.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
62.901
62.742
62.638
62.480
62.301
62.207
62.043
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