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May 13, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold maintains its recent gains, supported by a weaker dollar and the return of geopolitical concerns in some regions, boosting demand for safe-haven assets. Focus remains on the Fed's actions and member statements this week.

🔺 Forecast:

If it exceeds $3,265, it may test $3,290 and then $3,310. A decline below $3,220 could push the price towards $3,190.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
3258.59
3256.55
3255.46
3253.37
3251.40
3250.19
3248.33
USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil has seen a significant recovery, supported by indications that some OPEC+ countries are ready to review production levels, after prices fell to their lowest levels in months. Rising US inventories remain a pressure factor, but the market reacts to every statement regarding supply.

🔺 Forecast:

Stabilization above 62.00 could retest 63.50 and possibly 65.00. If that fails, we may see a return to 60.80 and then 59.90 in the short term.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
62.275
62.195
62.144
62.065
61.978
61.928
61.845
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