Eyes Will Be On ECB This Week!

XAUUSD - Gold Technical Analysis

After the US inflation data announced last week, Ons Gold, which gained value on a weekly basis after the US inflation data announced last week, is expected to cut interest rates by 50 basis points until the end of the year. The continuation of geopolitical developments can be considered as a factor that increases demand on the precious metal side. Although there is no major data in the US this week, profit realisations may occur in the precious metal, which is priced at levels close to its historical peak. If the upward movements in the precious metal, which followed a buying trend on the first trading day of the week, continue, 2675 and 2700 can be followed as resistance levels. In possible withdrawals, 2645 and 2630 can be targeted as support levels.

Resistances : 2675 / 2700 / 2715
Supports : 2645 / 2630 / 2600
 

XAGUSD Technical Analysis

Similar to Ons Gold, Ons Silver, which started to be priced in the positive pricing zone after the US inflation data, completed last week with negative returns. In the light of geopolitical developments, $ 31.15 and $ 31.00 can be monitored as short-term support levels on the precious metal side, which followed a sellers' course on the first trading day of the new week. In case of recovery trends in precious metal, 31.50 and 31.75 can be followed as resistance levels.

Resistances : 31.50 / 31.75 / 32.00
Supports : 31.15 / 31.00 / 30.75
 

EUR/USD Technical Analysis

On the first trading day of the new week, a negative course is observed in the EUR/USD parity. In the ECB interest rate decision to be announced on Thursday, expectations are shaping towards a 25 basis points rate cut. On the other hand, the FED's interest rate cut of 50 basis points until the end of the year also seems to be on the table. If the downward movements in the pair continue, 1.0906 and 1.0895, where the 200-day exponential moving average is located, can be monitored as support levels. In upward movements, 1.0940 and 1.0950 can be targeted as resistance levels. 

Resistances : 1.0940 / 1.0950 / 1.0967
Supports : 1.0906 / 1.0895 / 1.0885
 

NAS100 Technical Analysis

In the 2024 December futures index contract, we are watching a limited negative course close to flat in the morning hours today. If the downward movements in the contract continue, 20340 and 20230 can be followed as important support levels. In upward movements, 20540 and 20630 can be followed as important resistance levels.

Resistors : 20540 / 20630 / 20690
Supports : 20340 / 20230 / 20120
 

UKOIL Technical Analysis

The hot developments between Israel and Iran in UKOIL, which has been rising for a while with the effect of developments in the Middle East, continue to pull prices up on the oil side. In UKOIL, which followed a buying course in the morning hours today, 79.15 and 79.75 can be followed as resistance levels. In possible retreats, 77.70 and 77.00 can be targeted as support levels.

Resistances : 79.15 / 79.75 / 80.40
Supports : 77.70 / 77.00 / 76.20