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Feb 07, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold price maintained its stability above the 2840.00 level, and starts the day with a noticeable positivity to head towards resuming the main upward trend, waiting to test the 2900.00 level as the next main target.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
2868.71
2866.70
2865.45
2863.51
2861.49
2859.90
2857.88
USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil price continued to decline to pressure the 71.00 barrier and try to break it, noting that the price starts the day with an upward trend affected by the positivity of the Relative Strength Index, and may achieve some momentary gains before trying to decline again.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
71.378
71.225
71.123
70.971
70.831
70.739
70.581
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