First Interest Rate Cut in the US after 4 Years

XAUUSD - Gold Technical Analysis

Gold reached a record high of $ 2599 after the Fed cut interest rates by 50 basis points. Fed officials stated that economic activity continues to expand robustly despite the rising unemployment rate, that although inflation remains somewhat high, the Committee has gained more confidence that inflation is moving sustainably towards 2 per cent and that the risks of achieving employment and inflation targets are roughly balanced. With the retreat in gold with Powell's speech, the precious metal closed the day at $ 2558. Today, $ 2550 can be considered as a critical threshold for upward movements for Ons Gold, which follows a buying course in the morning hours. In the continuation of upward movements, 2575 and 2600 can be monitored as resistance levels. In possible withdrawals, 2550 and 2525 can be monitored as support levels.

Resistances: 2575 / 2600 / 2625
Supports: 2550 / 2525 / 2500
 

XAGUSD Technical Analysis

Ons Silver, which followed a buying course throughout the day yesterday, followed a similar movement to Ons Gold after the FED cut interest rates by 50 basis points. First, the precious metal, which broke the $ 31.00 level that it could not break for a long time and rose to $ 31.22, fell below $ 30.00 with sales pressure later in the day and closed the day near the $ 30.00 level. The precious metal, which follows a very volatile course, is also following a positive course in the morning hours today. In upward movements, 30.65 and 31.00 can be monitored as resistance levels. In retreats, 30.20 and 29.80 can be seen as support levels.

Resistances: 30.65 / 31.00 / 31.25
Supports: 30.20 / 29.80 / 29.50

EUR/USD Technical Analysis

After the US Federal Reserve interest rate decision, the dollar index, which retreated after the US Federal Reserve cut interest rates by 50 basis points instead of 25 basis points, reflected positively on the EUR / USD parity. Technically, if the upward movements continue, 1.1150 and 1.1165 can be monitored as important resistance levels. In downward movements, 1.1120 and 1.1100 can be followed as important support levels.

Resistances: 1.1150 / 1.1165 / 1.1175
Supports: 1.1120 / 1.1100 / 1.1085
 

NAS100 Technical Analysis

After the FED's 50 basis point interest rate cut, a technically positive course is observed in the 2024 September futures index contract. Technically, 19740 and 19800 can be followed as important resistance levels if upward movements continue. If downward movements continue, 19500 and 19370, which corresponds to the 23.6% fibonacci slice, can be followed as important support levels.

Resistances: 19740 / 19800 / 19930
Supports: 19500 / 19370 / 19300
 

UKOIL Technical Analysis

UKOIL closed the day negatively after the US Federal Reserve (Fed) cut interest rates by 50 basis points. Today, UKOIL, which followed a positive course in the morning hours, can be monitored as 74.25 and 74.80 important resistance levels with the 20-day exponential moving average if the upward movements continue in technical terms. In downward movements, 73.50 and 73.15, where the 10-day exponential moving average is located, can be followed as important support levels.

Resistances: 74.25 / 74.80 / 75.20
Supports: 73.50 / 73.15 / 72.70