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Jun 23, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Despite the recent bearish pressure, XAUUSD has successfully tested and rebounded from our stop-loss level near $3,338, aligning with last week's low of $3,340. 
Notably, Gold has been forming consecutive weekly higher lows at the same resistance zone of around $3,440, signaling underlying strength and increasing the likelihood of an eventual bullish breakout rather than a bearish reversal.

Considering this price action, we maintain our buy recommendation, keeping the stop-loss at $3,338 and the upside target at $3,600. 

The structure suggests bullish resilience, reinforcing our bullish bias unless the support zone is decisively broken.
EURUSD Chart on the hourtly time frame

EURUSD Chart on the hourtly time frame

Despite ongoing mixed signals on the daily chart, last week’s price action formed an inside candle, providing clear directional triggers. A decisive breakout above 1.1630 would confirm bullish momentum, opening the path toward our weekly target of 1.1900. Conversely, a breakdown below 1.1370 would invalidate the bullish bias and trigger a sell signal.

Given the prevailing structure, we maintain a constructive outlook, favoring an upward move toward the 1.1900 target. As such, we advocate a buy-on-dips strategy, with an optimal entry zone around 1.1500.

Key Levels:

  • Entry Zone: 1.1500 (preferred buy-on-dips level)
  • Stop-Loss: 1.1370 (below recent support)
  • Target: 1.1900 (weekly resistance objective)

Risk management remains crucial, and traders should monitor price action around the outlined levels for confirmation.
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

Despite recent high volatility and a flat weekly closing, the US Tech 100 Index (USTEC) has retreated after testing our stop-loss level near 21,955 points, forming a bearish weekly candle.

The previously identified bearish rising wedge pattern remains intact, reinforcing the potential for a downside reversal. 

Based on this pattern's measured move, the projected downside target sits near 20,670 points.
In line with our prior assessment, we maintain our sell recommendation, with the primary target zone at 20,670. We have also introduced a secondary target of around 20,000 to account for extended downside momentum. Risk management remains unchanged, with the stop-loss held at 21,955 to protect against any unexpected bullish reversals.

Traders should monitor price action closely, as a sustained break below key support levels could confirm further potential downside.

 

- Last week's report June 16, 2025

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