Chart the Market (26/08/2025)

XAUUSD, D1:

Gold has been trading sideways within a symmetrical triangle pattern, signaling market indecision ahead of a potential breakout. The latest price action shows a break above the previous lower-high structure, suggesting that the metal is now leaning toward a bullish bias as it approaches the triangle’s upper boundary.

Momentum indicators, however, remain neutral. The RSI is flat near the midline, while the MACD hovers around the zero line, indicating that momentum confirmation is still lacking despite the emerging bullish setup.

A decisive breakout above the triangle could pave the way for further upside, while a failure to hold above this level may keep gold confined within its consolidation range.

Resistance Levels: 3400.00, 3435.00

Support Levels: 3352.00, 3320.00

USOIL, H4

Oil prices continued their bullish trajectory, extending gains and breaking above the $64.60 resistance level in the latest session. If prices can hold above the short-term support at $63.82, it would reinforce the bullish outlook and signal potential for further upside.

Momentum indicators also align with the bullish bias. The RSI is nearing overbought territory, while the MACD has crossed above the zero line and is trending higher, both suggesting that bullish momentum is strengthening.

A sustained rally above these levels could open the door to testing higher resistance zones, while a drop back below support may indicate a temporary consolidation phase.

Resistance Levels:66.65, 69.30

Support Levels: 62.75, 60.15