Geopolitical Impact on Global Markets

XAUUSD - Gold Technical Analysis

Ounce Gold, which showed sharp retreats against the rising dollar index and bond yields after the presidential elections in the USA, is rising with the effect of geopolitical developments on the first trading day of the new week. Ukraine's expectation of sanctions against Russia caused upward pricing in the precious metal. Technically, if the upward movements in the precious metal, which retreated to the 100-day exponential average, continue, 2600 and 2625 can be followed as resistance levels. In possible retracements, the 2560 level, where the 100-day exponential average is located, can be followed as an important support. 

Resistances : 2600 / 2625 / 2650
Supports : 2560 / 2535 / 2525
 

XAGUSD Technical Analysis

Similar to Ons Gold, the geopolitical developments in Ons Silver, which experienced retreats after Trump declared his presidency, affected the pricing upwards. The precious metal, which tested below the $ 30.00 level last week, is following a positive course on the first trading day of the new week. 30.85 and 31.15 can be followed as resistance levels in case of continued rises in Ons Silver, which hovers near its 100-day exponential average. In retreats, 30.25 and 30.00 can be targeted as support levels. 

Resistances : 30.85 / 31.15 / 31.30
Supports : 30.25 / 30.00 / 29.85
 

EUR/USD Technical Analysis

With Trump taking the US presidency, the rise in the dollar index showed its counterpart in the EUR / USD parity. Against the index, which broke the downward trend it has been in for a long time and tested 107.00 levels, the pair, which depreciated last week and retreated to 1.04 levels, shows recovery trends in the new week. If the recovery in the pair continues, 1.0560 and 1.0590 can be targeted as resistance levels. In possible pullbacks, 1.0520 and 1.0495 can be followed as support levels.

Resistances : 1.0560 / 1.0590 / 1.0600
Supports : 1.0520 / 1.0495 / 1.0480
 

NAS100 Technical Analysis

After the US elections, the index, which renewed its historical peaks after the US elections, continues to recover after the sharp retreat on Thursday. If the upward movements continue in the index, which has a favourable course on the first day of the new week, 20740 and 20900 can be followed as resistance levels. In possible retracements, 20490 and 20350 can be followed as support levels.

Resistances : 20740 / 20900 / 21160
Supports : 20490 / 20350 / 20270
  
 

UKOIL Technical Analysis

Technically, Ukoil, which spent last week in a sellers' course, continues to retreat on the first trading day of the new week. If downward movements in oil continue, 70.70 and 70.25 can be monitored as support levels. In possible recovery trends, 71.60 and 72.40 can be targeted as resistance levels.

Resistances : 71.60 / 72.40 / 72.70
Supports : 70.70 / 70.25 / 69.90