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Jun 06, 2025

Gold chart on the hourly time frame

Gold chart on the hourly time frame

Current Technical Outlook:

  • Price: Consolidating above 3367, but with slower momentum.
  • MACD: Bullish momentum is fading – possible profit-taking phase.
  • Channel: Still intact but price movement has become more cautious.

Outlook:

  • Holding above 3367 keeps the door open for another attempt at 3380, possibly 3400.
  • A break below 3340 could bring a retest of 3320 in the short term.
USOIL Chart on the hourtly time frame

US Oil Chart on the Hourly Time Frame

Current Technical Outlook:

  • Price: Near strong resistance at 63.90, facing indecision.
  • MACD: Momentum has slowed but remains positive.
  • Price Action: Still bullish, but further strength is needed to break resistance.

Outlook:

  • Sustained trading above 62.90 supports continuation toward 63.90 and 64.50.
  • A drop below 62.90 may trigger a pullback to 61.70.
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

Current Technical Outlook:

  • Price: Near upper range resistance at 21900, but momentum is cooling.
  • MACD: Still bullish but weakening – potential for short-term pullback.
  • Structure: Still within an upward bias but showing signs of hesitation.

Outlook:

  • Holding above 21630 keeps the door open for another test of 21900.
  • A break below 21550 could lead to a drop toward 21370.
     

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