Global Markets Eyes on Jackson Hole

XAUUSD - Gold Technical Analysis
In global markets, a limited appreciation is observed in Ounce Gold before Fed chairman Powell, who will deliver a speech at the Jackson Hole meeting today. If the expectations for interest rate cuts are met in Powell's speech, the historical peak of 2531 region can be retested in Ons Gold. In case of possible withdrawals, the 2475 level can be monitored as a support point.

Resistances: 2500 / 2531 / 2550
Supports: 2475 / 2435 / 2380

 

XAGUSD Technical Analysis
A significant appreciation was observed in precious metals with the increase in expectations for the Fed's interest rate cut. Today, the Jackson Hole meeting will be very important for the future of precious metals. In case of supportive signals from Fed chairman Powell, we can expect an upward reaction movement. In this parallel, the $ 30.00 level can be followed as a resistance point. In possible withdrawals, the level of 28.65 can be followed as a support point.

Resistances: 30,00 / 30,70 / 31,50
Supports: 28,65 / 28,00 / 27,25
 
 

EUR/USD Technical Analysis

While the dollar index followed a negative course in the morning hours today, investors are waiting for Fed Chairman Jerome Powell's speech at the Jackson Hole symposium. Powell is expected to signal that they will start to reduce the tightening in monetary policy in September. However, limited clues are expected about the frequency and magnitude of these changes. With the depreciation of the dollar index, the EUR/USD parity is following a positive course in the short term. If upward movements continue, 1.1135 and 1.1150 can be followed as important resistance levels. In downward movements, 1.1100 and 1.1084 can be followed as important support levels.

Resistances: 1.1135 / 1.1150 / 1.1170
Supports: 1.1100 / 1.1084 / 1.1070
 

NAS100 Technical Analysis
Nasdaq is priced with a limited positive outlook in the morning hours. In case the upward movement continues in the Nasdaq index. 20000 region can be followed as a resistance point. If this level is exceeded, 20370 and 20900 levels can be followed as resistance points. In possible retracements, 19500 and 19000 levels can be followed as support points.

Resistances: 20000 / 20370 / 20900
Supports: 19500 / 19000 / 18850
 
 

UKOIL Technical Analysis

Investors are carefully awaiting Fed Chairman Jerome Powell's speech at the Jackson Hole symposium for information and direction determination, as the possibility of the FED cutting interest rates in the near future may increase oil demand. Technically, 77.50 and 77.90 can be followed as important resistance levels if upward movements continue in UKOIL, which followed a positive course in the morning hours. In downward movements, 76.70 and 76.30 can be followed as important support levels.

Resistances: 77.50 / 77.90 / 78.40
Supports: 76.70 / 76.30 / 76.00