Global Markets Focused on US CPI Data Today
XAUUSD - Gold Technical Analysis
Sales continue in Ons Gold. Ons Gold, which renewed its historical peak with $ 2685 on 26 September, continues to be suppressed after this level. The precious metal, which was subject to sales with the Non-Farm Employment data announced above expectations last week, is negative on a weekly basis in the current week. For Ons Gold, which made its 6th negative closing in a row with yesterday's retreat, if the retreat continues, the $ 2600 and $ 2585 levels can be targeted as support zones. In possible recovery movements, $ 2635 and $ 2672 can be monitored as resistance levels. Looking at the data calendar, the US CPI data to be announced today may be effective in pricing movements in precious metal.
Resistances : 2635 / 2672 / 2685
Supports : 2600 / 2585 / 2550
XAGUSD Technical Analysis
The precious metal, which saw the highest level of $ 32.69 in the last 12 years in the past weeks, had renewed its record by rising to $ 32.95 on Friday. Unlike Ons Gold, the precious metal, which continues its positive course following the Non-Farm Employment data, is experiencing sharp retreats on a weekly basis in the new week. Today, 30.80 and 31.20 can be followed as resistance levels for Ons Silver, which followed a slightly buying course in the morning hours. In retreats, 30.20 and 29.90 can be monitored as support levels. Looking at the data calendar, the US CPI data to be announced today may be effective in pricing movements in precious metal.
Resistances : 30.80 / 31.20 / 31.50
Supports : 30.20 / 29.90 / 29.50
EUR/USD Technical Analysis
In technical terms, the EUR/USD parity, which could not hold above the 100-day exponential moving average yesterday, closed the day negatively. Today, a limited positive course is observed in the morning hours. If upward movements continue, 1.0950 and 1.0970 can be monitored as important resistance levels. In downward movements, 1.0920 and 1.0906, where the 200-day exponential moving average is located, can be followed as important support levels.
Resistances : 1.0950 / 1.0970 / 1.0985
Supports : 1.0920 / 1.0906 / 1.0895
NAS100 Technical Analysis
Today, CPI data for September will be released in the US at 15:30. If these data come above expectations, it may have a suppressive effect on stock markets and commodities. The 2024 December futures index contract follows a horizontal course in the morning hours. Technically, 20540 and 20630 can be followed as important resistance levels in case of upward movements. In downward movements, 20340 and 20230 can be monitored as important support levels.
Resistances : 20540 / 20630 / 20690
Supports : 20340 / 20230 / 20120
UKOIL Technical Analysis
While tensions in the Middle East continued, crude oil stocks in the US yesterday recorded the biggest increase since April. Technically, a positive course is observed in UKOIL in the morning hours. If upward movements continue, 77.50 and 78.00 can be monitored as important resistance levels. In downward movements, 76.70 and 76.30 can be followed as important support levels.
Resistances : 77.50 / 78.00 / 78.40
Supports : 76.70 / 76.30 / 76.00
Tags: Technical Analysis, Analysis, Forex