Dovish Statements from FED Chairman Powell

XAUUSD - Gold Technical Analysis

The data from the US remained below expectations, which was priced positively on the Ons Gold side. After the ADP Non-Farm Payrolls and PMI data, which were below expectations, bond yields declined, while Ons Gold saw a buying course. The precious metal, which has been moving between the 50 and 21-day exponential moving averages for a while, closed the day below its 21-day average. Technically, if the upward movements continue for Ons Gold, which started the morning hours with a slightly sellers' course, can be followed as 2660 and 2675 resistance levels. In possible retreats, 2640 and 2625 can be followed as support levels.

Resistances : 2660 / 2675 / 2700
Supports : 2640 / 2625 / 2600
 

XAGUSD Technical Analysis

After yesterday's appreciation, the price of Ons Silver, which followed a slightly sellers course in the morning hours today, is seen to be above all major averages. Technically, if this level is crossed upwards in the precious metal, which is priced above the 50-day exponential average and can be seen as a support point, 31.50 and 31.60 can be followed as resistance levels. In case of retracements, 31.10 and 30.90 can be targeted as support levels.

Resistances : 31.50 / 31.60 / 31.95
Supports : 31.10 / 30.90 / 30.75
 

EUR/USD Technical Analysis

Increasing uncertainties in the European region and the continued contraction in macroeconomic data strengthened the expectations for a 50 basis points rate cut in December. Yesterday, services PMIs were announced in the Euro Area and the US. Although the pair tested below 1.05, it remained flat. Although the dollar index declined after the weak ISM Services figures, it recovered after Powell's speech. The employment data to be announced in the US on Friday is important for the future of the pair. On the technical side, the pair, which is trying to recover at 1.05 levels, has a buying trend in the morning hours. In upward movements, 1.0535 and 1.0565 can be monitored as resistance levels. In downward movements, 1.0485 and 1.0460 can be followed as support levels.

Resistances : 1.0535 / 1.0565 / 1.0595
Supports : 1.0485 / 1.0460 / 1.0425
 

NAS100 Technical Analysis

The upward trend continues in the Nas100 futures index contract, which continues to maintain its gains in the middle of the week. Slight retracements are observed in the morning hours in the contract priced at its historical peak. In the index contract, 21280 and 21160 can be followed as support levels in retreats, while 21600 and 21750 can be followed as resistance levels in possible recovery trends.

Resistances :  21600 / 21750 / 21800
Supports : 21280 / 21160 / 21065
 

UKOIL Technical Analysis

The selling trend continues before the OPEC meeting. The expectation that OPEC will maintain quotas continues. If downward movements continue in oil, which continues its downward course in the morning hours today after yesterday's retreat, 72.00 and 71.70 can be followed as support levels. In possible recovery movements, 72.80 and 73.00 can be followed as resistance levels.

Resistances : 72.80 / 73.00 / 73.70
Supports : 72.00 / 71.70 / 71.50