ALB Limited 17.10.2024

ECB Interest Rate Decision in Global Markets

XAUUSD - Gold Technical Analysis

Ons Gold continues to push its historical peaks. The outlook that the major Central Banks will not compromise in the interest rate cut processes is welcomed positively by Ons Gold. The statements of the ECB, BoE and FED attract attention in this regard.  On the other hand, some warming of the cooling geopolitical line in the Middle East also created an upward pricing opportunity for the precious metal. Today, 2685 and 2700 can be targeted as new resistance levels for Ons Gold, which followed a buying course in the morning hours. In possible retreats, 2650 and 2630 can be monitored as support levels.  

Resistances : 2685 / 2700 / 2715 
Supports : 2650 / 2630 / 2600
  

XAGUSD Technical Analysis


After yesterday's rise, $ 31.15 and $ 31.00 may be support levels for Ons Silver, which is subject to withdrawals in the morning hours before the ECB interest rate decision. The $ 31.75, which we follow as a critical level, can be followed as a resistance level. If this level is exceeded, $ 32.00 and $ 32.20 can be followed as other resistance levels.

Resistances : 31.75 / 32.00 / 32.20
Supports : 31.15 / 31.00 / 30.75
 

EUR/USD Technical Analysis


The decline in the EUR / USD parity continues. The pair, which is priced at 1.0850 before the ECB interest rate decision to be announced today, is spending the fourth trading day of the week with sellers. If the downward movements in the pair continue, 1.0840 and 1.0825 can be monitored as support levels. In upward movements, 1.0870 and 1.0890 can be followed as resistance levels.

Resistances : 1.0870 / 1.0890 / 1.0906
Supports : 1.0840 / 1.0825 / 1.0810
 

NAS100 Technical Analysis


In the 2024 December futures index contract, the positive trend in the new week continues. Volatile movements can be seen with the balance sheet season in the index contract, which followed a buying course in the morning hours today after a calm course yesterday. If the upward movements in Nas100 continue, 20540 and 20790 can be targeted as resistance levels. In possible retracements, 20350 and 20230 can be monitored as support levels.

Resistances : 20540 / 20790 / 20900
Supports : 20340 / 20230 / 20000
 

UKOIL Technical Analysis


If the negative momentum continues in Ukoil, which is priced below the 9 and 22-day exponential moving averages that we follow as reference indicators, we can follow the levels of 73.45, 72.40 and 71.00 below. Otherwise, in case of a possible positive acceleration, we follow the levels of 75.00 75.75 and 76.65, respectively. For the persistence of positive momentum, persistence above the averages can be sought.

Resistances : 75.00 / 75.75 / 76.65
Supports : 73.45 / 72.40 /71.00

Tags: Technical Analysis, Analysis, Forex

RISK PROBABILITY: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.40% of retail investor accounts lose money when trading CFDs with ALB Limited. These products may not be suitable for all investors. Please make sure that you fully understand the risks involved and seek independent advice if necessary. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The value of your investment may go down as well as up.

NEGATIVE BALANCE PROTECTION: Please see your rights here as a retail client.