Gold Near Historical Highs!

XAUUSD – Gold Technical Analysis

On Tuesday, spot gold renewed its all-time high at $2942, and as of this morning, it is trading near record levels. After the higher-than-expected inflation data from the US on Wednesday, the Producer Price Index (PPI) data also came in above expectations yesterday. Despite the increasing inflation risks in the country, Trump’s policies are helping keep demand for precious metals strong. From a technical perspective, gold is trading with a bullish tone in the morning hours. For the rest of the day, the $2945 and $2955 levels can be monitored as resistance zones. In case of a pullback, $2910 and $2900 levels can serve as support levels.

Resistances: 2945 / 2955 / 2970
Supports: 2910 / 2900 / 2885
 

XAGUSD Technical Analysis

The strong trend in Silver continues. After gaining value alongside the US CPI data on Wednesday, the precious metal closed in positive territory yesterday despite the higher-than-expected PPI data. This morning, silver showed a sharp increase. Technically, $33.10 and $33.25 are resistance levels to watch, while $32.65 and $32.35 can act as support levels.

Resistances: 33.10 / 33.25 / 33.45
Supports: 32.65 / 32.35 / 32.05
 

EUR/USD Technical Analysis

The recovery trend in the pair continues. Following the higher-than-expected US CPI data on Wednesday, the PPI data released yesterday also exceeded expectations. The pair moved upwards and closed around 1.0460 yesterday. This morning, the pair is continuing its upward movement. If the uptrend continues, the 100-day exponential moving average at 1.0500 and the 1.0520 levels can be monitored as resistance. In the event of a pullback, 1.0440 and 1.0410 will serve as support levels.

Resistances: 1.0500 / 1.0520 / 1.0530
Supports: 1.0440 / 1.0410 / 1.0375
 

NAS100 Technical Analysis

After the US Department of Labor announced that the January Producer Price Index (PPI) rose above expectations, recovery movements are being observed around $22,126 in the Futures Index Contract today. If the recovery continues, $22,310, $22,380, and $22,420 levels can act as resistance. If the downtrend resumes, $22,045, $21,890, and $21,565 levels can be monitored as support.

Resistances: 22,310 / 22,380 / 22,420
Supports: 22,045 / 21,890 / 21,565
 

UKOIL Technical Analysis

Following Trump’s decision to impose reciprocal tariffs on countries that apply duties on US goods, oil prices stood around $75.35 per barrel this morning. Technically, if the recovery continues, $76.10 and $76.65 levels can serve as resistance. In the event of a decline, $74.80 and $74.25 will act as support levels.

Resistances: 76.10 / 76.65 / 77.05
Supports: 74.80 / 74.25 / 73.90