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Feb 26, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold price retreats to $2915 per ounce, weighed down by the strength of the dollar and US bond yields. Investors are still awaiting any fresh signals from the Fed on monetary policy, which could determine the next direction for the precious metal.

Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
2924.25
2920.83
2918.79
2915.46
2911.95
2909.91
2906.39

USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil falls to $69.13 per barrel, weighed down by concerns of slowing global demand and rising US inventories. Investors await any signals on OPEC+ policy and reactions to the global economic outlook.

Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
69.295
69.147
69.053
68.910
68.754
68.664
68.516

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