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May 02, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Current Scenario:
Gold consolidates after a corrective pullback, supported by a weaker dollar and ongoing geopolitical tensions.

Outlook:
Holding above 3,240 supports a rebound toward 3,290. A drop below this level could push prices back to 3,200.

Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
3270.05
3265.25
3262.43
3257.98
3253.76
3250.94
3246.13

USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Current Scenario:
Oil attempts to recover following steep losses, as markets await potential signals from OPEC+ regarding output cuts.

Outlook:
A move above 58.50 could extend gains toward 60.20. A breakdown below 57.80 may lead to a further drop to 56.50.

Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
59.362
59.110
58.972
58.740
58.492
58.354
58.097

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