ADP Non-Farm Employment Data to Be Announced Today in the U.S.
XAUUSD – Gold Technical Analysis
Volatility continues in gold. This week, in addition to the uncertainty regarding Trump’s tariffs, geopolitical tensions have emerged. The developments between Russia and Ukraine indicate that the peace process will be postponed further. After a bearish performance last week, the precious metal also experienced selling pressure yesterday. This morning, however, it is trading sideways. For the new day, gold, which started the day flat, can be monitored with support levels at $3345 and $3330. In the event of an upward move, resistance levels are seen at $3370 and $3380. Today, ADP Non-Farm Employment and PMI data will be announced in the U.S., while the Eurozone will also release PMI data.
Resistances: 3370 / 3380 / 3395
Supports: 3345 / 3330 / 3315
XAGUSD – Silver Technical Analysis
In parallel with gold, silver prices are also showing selling movements this morning. Following the sharp decline yesterday, if the downward trend continues in the precious metal, support levels can be seen at $34.25 and $34.00. In case of an upward move, resistance levels are at $34.60 and $34.75.
Resistances: 34.60 / 34.75 / 35.00
Supports: 34.25 / 34.00 / 33.70
EUR/USD – Technical Analysis
After inflation data from the Eurozone was released yesterday, expectations of interest rate cuts strengthened, leading to a bearish trend in the pair. Today, the U.S. will release ADP Non-Farm Employment and PMI data, while the Eurozone will publish PMI data. Technically, the pair is trading flat this morning. In case of downward movement, support levels can be followed at 1.1345 and 1.1325. For upward moves, resistance levels are seen at 1.1400 and 1.1420.
Resistances: 1.1400 / 1.1420 / 1.1435
Supports: 1.1345 / 1.1325 / 1.1300
NAS100 – Technical Analysis
The Nasdaq 100 futures contract rose after an unexpected increase in U.S. job openings boosted confidence in the labor market. A rally in tech stocks led by Nvidia supported the index, while easing tariff concerns also contributed positively. Technically, the index is trading sideways this morning. If an upward move occurs, resistance levels can be monitored at 21770 and 21860. In case of a downward move, the 5-day exponential moving average at 21580 and the 10-day exponential moving average at 21440 are important support levels.
Resistances: 21770 / 21860 / 22000
Supports: 21580 / 21440 / 21300
UKOIL – Technical Analysis
Oil prices are trading flat after two days of gains, as the rain slowed wildfires in Canada, balancing signals of a decline in U.S. inventories. In the technical outlook, if the downward movement continues in Brent crude, support levels at 64.85 and 64.25 come into focus. On upward corrections, the 50-day exponential moving average at 66.00 and then 66.60 are key resistance levels.
Resistances: 66.00 / 66.60 / 67.05
Supports: 64.85 / 64.25 / 63.70
Tags: Technical Analysis, Analysis, Forex