Critical Levels in Gold!
XAUUSD – Gold Technical Analysis
Political developments continue to influence gold. The U.S.-Russia relations remain a key factor in gold pricing dynamics. On the technical side, gold hit a new all-time high yesterday at $2,956 but is trading negatively this morning due to selling pressure. If the downward movement continues, the $2,920 and $2,900 levels will be critical support zones. On the upside, $2,955 and $2,970 are important resistance levels to watch.
Resistance Levels: 2,955 / 2,970 / 2,985
Support Levels: 2,920 / 2,900 / 2,880
XAGUSD – Silver Technical Analysis
Silver prices are showing a negative trend this morning. If the downward movement persists, $32.10 and $31.90 will be key support levels. If prices move upward, $32.50 and $32.75 are critical resistance levels to monitor.
Resistance Levels: 32.50 / 32.75 / 32.90
Support Levels: 32.10 / 31.90 / 31.70
EUR/USD Technical Analysis
The currency pair experienced high volatility yesterday, rising to 1.0527 before closing in negative territory at 1.0465. This morning, it is trading with a positive bias. If the uptrend continues, 1.0500 and 1.0525 will be key resistance levels. If a downward move occurs, 1.0450 and 1.0425 will act as critical support levels.
Resistance Levels: 1.0500 / 1.0525 / 1.0540
Support Levels: 1.0450 / 1.0425 / 1.0400
NAS100 Technical Analysis
Nasdaq 100 futures are trading at 21,433 this morning with an upward trend. If the positive momentum continues, key resistance levels are 21,610 and 21,700. In case of a downside move, 21,360 and 21,245 are important support levels to watch.
Resistance Levels: 21,610 / 21,700 / 21,815
Support Levels: 21,250 / 21,150 / 21,000
UKOIL – Brent Crude Oil Technical Analysis
Brent crude oil is trading above $75 per barrel with a bullish trend this morning. If the upward movement continues, $75.50 and $76.10 will be key resistance levels. If prices pull back, $74.75 and $74.40 will serve as crucial support levels.
Resistance Levels: 75.50 / 76.10 / 76.50
Support Levels: 74.75 / 74.40 / 74.10
Tags: Technical Analysis, Analysis, Forex