Eyes on US Inflation Data in Global Markets
XAUUSD - Gold Technical Analysis
The precious metal, which lost value against the increasing dollar index and bonds with Trump winning the elections in the USA last week, showed some recovery with the effect of the FED interest rate hike, but there was a weekly depreciation in the precious metal. For the precious metal, which follows a buying course with the reaction it received from the fibo 38.2 level in the morning hours today, if this course is maintained in the continuation of the day, $ 2625 and $ 2645 can be followed as resistance levels. If downward movements continue, $ 2600 seems to be the main short-term support. If this level is crossed downwards, 2585 and 2560, where the 100-day exponential average is also located, can be monitored as support levels.
Resistances : 2625 / 2645 / 2670
Supports : 2585 / 2560 / 2535
XAGUSD Technical Analysis
Similar to Ons Gold, pricing movements are trying to reach consolidation in Ons Silver, which experienced retreats after Trump's presidential announcement. The precious metal, which retreated to the level of $ 30.17 after the downward crossing of the $ 32.50 level, which is an important threshold of the upward breakout and which we frequently emphasise, is upward with the reaction it received from the 100-day exponential average and fibo 50 level today. If upward movements continue, 31.15 and 31.40 can be monitored as resistance levels. In possible retracements, 30.75 and 30.60 can be targeted as support levels.
Resistances : 31.15 / 31.40 / 31.60
Supports : 30.75 / 30.60 / 30.15
EUR/USD Technical Analysis
Last week, the retreat in the pair with Trump's coming to the presidency showed its counterpart in the dollar index. The selling pressure continues in the pair, which broke the downward trend it has been in for a long time upwards and lost value against the index that tested above 106.0 levels and retreated to 1.0594, the lowest level of the last 6.5 months. If the downward movements in the pair continue, 1.0594 and 1.0575 can be monitored as support levels. In possible upward movements, 1.0655 and 1.0665 can be targeted as resistance levels. US inflation data to be announced today can be followed in terms of pricing movements in the pair.
Resistances : 1.0640 / 1.0665 / 1.0680
Supports : 1.0594 / 1.0575 /1.0560
NAS100 Technical Analysis
Nas100 futures contract continues to be priced limited since the beginning of this week after the historical peak seen last week. While closely following the US CPI to be announced during the day, European stock markets can be monitored. In upward trends, 21400 / 21600 and 21750 levels can be followed as resistance in the contract. In possible selling trends, 20916 / 20732 and 20528 can be targeted as support levels.
Resistances : 21400 / 21600 / 21750
Supports : 20916 / 20732 / 20528
UKOIL Technical Analysis
In the oil futures contract, the price was suppressed after OPEC lowered its forecasts for the rise in global oil demand in 2024 and 2025 in its monthly report on Wednesday. Weak demand in China and expected oil production in the US after Trump overshadow the rise in the contract. In possible upward trends, 72.44 / 73.02 and 73.64 levels can be followed as resistance in the contract. In possible selling trends, 71.55 / 71.02 and 70.62 can be targeted as support levels.
Resistances : 72,44 / 73,02 / 73,64
Supports : 71,55 / 71,02 / 70,62
Tags: Technical Analysis, Analysis, Forex