Commodities & Indices Technical Analysis | Gold, Oil & Indices

Technical Analysis of Commodities & Indices

Technical Analysis Report (October 5, 2026):

Gold chart on the hourly time frame:

Gold trades near 4145 in a sideways-to-bearish trend, with positive MACD momentum weakening and price remaining below recent resistance.

●    Trend: Sideways to bearish
●    Support: 4110 – 4090
●    Resistance: 4185 – 4220

Technical Outlook: A break below 4110 could send gold toward 4090, while a move above 4185 may open the way toward 4220.




Silver chart on the hourly time frame:

Silver trades near 61.45 with a cautiously bullish bias, as MACD momentum improves and price approaches key resistance.

●    Trend: Cautiously bullish
●    Support: 60.70 – 60.00
●    Resistance: 61.90 – 63.05

Technical Outlook: A break above 61.90 could target 63.05, while a move below 60.70 may send silver back toward 60.00.
 

Oil Chart on the Hourly Time Frame:

US oil trades near 88.79 in a bearish trend, with price remaining below the moving averages and positive MACD momentum fading.

●    Trend: Bearish
●    Support: 88.20 – 87.50
●    Resistance: 92.00 – 94.80

Technical Outlook: A break below 88.20 could push oil toward 87.50, while a move above 92.00 may support a rebound toward 94.80.


 

USTEC chart on the hourly time frame:

The Nasdaq 100 trades near 30,822 in a bullish trend, holding above breakout levels with positive MACD momentum, although momentum has eased slightly.

●    Trend: Bullish
●    Support: 30,750 – 30,570
●    Resistance: 30,900 – 31,000

Technical Outlook: Holding above 30,750 supports further gains toward 30,900 and 31,000, while a break below 30,570 could trigger a deeper correction.




Dow Jones Index chart on the hourly time frame:

The Dow Jones trades near 51,178 with a cautiously bullish bias, supported by improving positive MACD momentum and stability above nearby support.

●    Trend: Cautiously bullish
●    Support: 51,100 – 50,750
●    Resistance: 51,640 – 51,920

Technical Outlook: Holding above 51,100 supports a move toward 51,640 and 51,920, while a break below 50,750 could trigger a downside correction.