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May 09, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is attempting to maintain its gains after yesterday's declines, with a clear tendency to move sideways in the 3310 to 3350 range. Investors are awaiting the US Federal Reserve's comments later this week, which could push the precious metal to test one end of this range.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
3337.19
3333.75
3330.92
3327.07
3323.84
3321.41
3317.36
USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil prices have recovered somewhat after the previous bearish shock and are currently holding above the $60 level. If global sentiment stabilizes and demand concerns subside, the price could target the $61.50 area. However, any new pressure from negative economic data could push it back to the $59.30 area.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
60.691
60.488
60.354
60.155
59.942
59.823
59.640
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