US 47th President Donal Trump Officially Inaugurated
XAUUSD - Gold Technical Analysis
Last week, the US side was quite active. CPI in the US was within expectations and Core CPI was slightly below expectations. This week too, the data agenda looks busy for the US. The most important thing is that Trump will take the presidency. Ons Gold closed last week with a value gain. In the new week, it is on a buying course with the Trump effect and is pricing above $ 2725 in the morning hours. Technically, if the upward movements continue, 2740 and 2750 dollars can be followed as resistance levels. 2700 dollars can be followed as a support level.
Resistances : 2740 / 2750 / 2765
Supports : 2700 / 2690 / 2675
XAGUSD Technical Analysis
Ons Silver, which followed a mixed course last week and closed Friday with a sharp retreat, offers a positive outlook in the new week. Priced at 50 and 100-day major averages, 31.00 and 31.15 can be followed as resistance levels in the continuation of upward movements for the precious metal. In possible pullbacks, 30.35 and 30.00 can be monitored as support levels.
Resistances: 31.00 / 31.15 / 31.30
Supports: 30.35 / 30.00 / 29.85
EUR/USD Technical Analysis
An important day for the pair, Trump took over the presidency. The CPI data released in the US last week had a small recovery effect. Yesterday, the dollar index retreated sharply and closed below the 108 level, and the pair was priced quite hard. The next process may depend on the course of Trump policies. If the retracements continue in the pair, which followed a sellers course in the morning hours today, 1.0335 and 1.0300 can be monitored as support levels. In possible recovery movements, 1.0425 and 1.0460 can be followed as resistance levels.
Resistances : 1.0425 / 1.0460 / 1.0500
Supports : 1.0335 / 1.0300 / 1.0275
NAS100 Technical Analysis
Signs of recovery are seen on the Nas100 side in the morning hours. The contract, which retreated after the peak level it saw on December 17 and retreated to its 100-day average, showed a recovery trend last week with macroeconomic data from the US. The contract, which experienced a buying trend yesterday with Trump's re-election to the presidency, is following a selective course in the morning hours today. If the retracements continue, 21445 and 21300 can be monitored as support levels. In the event of signs of recovery, 21785 and 21900 can be followed as resistance levels.
Resistances : 21785 / 21900 / 22000
Supports : 21445 / 21300 / 21160
Technical Analysis of UKOIL
Yesterday marked Trump's second term in office. Solutions to geopolitical tensions, which was his election promise, seem to be on the table, albeit at the initial stage. In addition to the geopolitical softening, Trump's LNG policy also gives room for pressure on the oil side. UKOIL, which closed last week with a loss in value, was subjected to selling pressure on the first trading day of the new week and retreated to its 10-day exponential average. If recovery movements come to the agenda for oil, which followed a volatile course in the morning hours today, 80.50 and 81.00 dollars can be followed as resistance levels. In case of continued retracements
Resistances : 80.50 / 81.00 / 81.60
Supports : 79.40 / 79.10 / 78.40
Tags: Technical Analysis, Analysis, Forex