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Jul 02, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold managed to hold above the level we mentioned yesterday at 3293, but it is still on track to achieve further gains if we break above 3353.

General trend: Bearish in the medium term, but a current rebound is underway.

Technical situation:

  • The price is currently colliding with the descending trend line from above.
  • Momentum indicators are very positive (MACD is strongly bullish).

Expectation: A breakout of the resistance at 3353 opens the way towards 3380 - 3410. However, if the breakout fails, a return to the decline towards 3280 is likely.
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

General trend: Bearish.

Technical situation:

  • The price is trading near the recent lows.
  • There are no strong bullish signals yet.
  • Momentum is very weak, reflecting continued selling pressure.

Expectation: Continue the decline towards 63.60 and then 62.80 if no rebound occurs.
Important resistance is at 66.00 – 66.40.
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

As we mentioned yesterday, we may see a slight correction towards 22450, followed by a continued upward trend if it holds above it and this scenario is achieved. General Trend: Downward Correction.

Technical Condition:

  • The support level of 22,800 was previously broken and is holding below it.
  • The price is currently in a horizontal range after the decline.
  • Momentum indicators indicate weak buying.

Expectation: A possible revisit of the support level of 22,300 or even 22,100 unless the price returns above 22,800.
 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

Yesterday's target of 44,250 has been achieved.

General Trend: Upward.

Technical Condition:

  • The price is close to the recent all-time high.
  • No clear correction signals have emerged yet.
  • Momentum is moderate, and we may see a test of the 44,800 level.

Expectation: A potential rise to 44,800 and then 45,000 as long as 44,200 is not broken.

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