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May 16, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is trading with cautious stability after strong volatility, supported by global economic concerns but weighed down by a stronger dollar. A break above 3220 may lead to a climb toward 3255, while a drop below 3180 could renew bearish pressure.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
3238.60
3231.39
3226.45
3220.00
3212.40
3208.41
3201.01
USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil prices are showing limited volatility following news that the IEA revised its demand outlook. As long as prices remain above $60, there may be room for a rise toward 62.50, while falling below $60 could trigger renewed pressure on the market.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
61.286
61.145
61.049
60.905
60.761
60.668
60.529
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