Intense Data Flow in the US this Week

XAUUSD - Gold Technical Analysis

After the pricing movements experienced last week were left behind, eyes turned to the US inflation report on the gold side in the new week. Despite the increasing interest rate cut rumours in the US, the recession rumours that emerged last week were a halting phase for the precious metal. If inflation comes in line with expectations, the interest rate cut process may accelerate. Ounce Gold can increase its gains. Although it had a volatile course last week and closed the week in the negative pricing zone, Ons, which made a weekly closing at $ 2443, is following a buying course on the first trading day of the new week. If the upward movements in the precious metal continue, 2450 and 2475 can be targeted as resistance levels. In case of possible retracements, 2415 and 2400, an important threshold, can be targeted as support levels.

Resistances: 2450 / 2475 / 2490
Supports: 2415 / 2400 / 2378
 

XAGUSD Technical Analysis

Similar to Ons Gold, after the pricing movements experienced last week were left behind, eyes turned to the US inflation report on the silver side in the new week. If inflation comes in line with expectations, the interest rate cut process may accelerate. Ons Silver may be positively affected by this situation. Although it moved in the negative pricing zone last week, Ons Silver, which followed a buying course on the first trading day of the new week, can be followed as $ 27.75 and $ 28.00 resistance level if it increases its gains. In case of possible withdrawals, 27.20 and 27.00 can be targeted as support levels.

Resistances: 27.75 / 28.00 / 28.25
Supports: 27.20 / 27.00 / 26.85
 

EUR/USD Technical Analysis

On the first trading day of the week, the dollar index followed a horizontal course, while the EUR/USD parity followed a positive course in the short term. If upward movements continue during the day, 1.0935 and 1.0960 can be followed as important resistance levels. In downward movements, 1.0900 and 1.0880 can be followed as important support levels.

Resistances: 1.0935 / 1.0960 / 1.0975
Supports: 1.0900 / 1.0880 / 1.0860
 

NAS100 Technical Analysis

With the volatility index (VIX) depreciating in the last two days, the 2024 September futures index contract is following a positive course in the morning hours. From a technical point of view, in the short term, the contract, which is pinned at the level of 18645, where the 10-day exponential moving average is located, can be followed as a critical threshold. If this level is crossed upwards, 18720 and 18860 can be followed as important resistance levels. In downward movements, 18510 and 18370, which corresponds to 38.2% tranche, can be followed as important support levels. If the 18370 level is crossed downwards, selling pressure may increase and 18240 can be targeted as another important support level.

Resistances: 18720 / 18860 / 18950
Supports: 18510 / 18370 / 18240
 

UKOIL Technical Analysis

Increasing geopolitical developments, OPEC and International Energy Agency market reports and US inflation data may support the search for direction in the markets. If the upward movements in UKOIL, which followed a positive course in the morning hours, continue, 80.40 and 80.80, where the 20-day exponential moving average is located, can be followed as important resistance levels. In downward movements, 79.60 and 79.30, where the 10-day exponential moving average is located, can be followed as important support levels.

Resistances: 80.40 / 80.80 / 81.30
Supports: 79.60 / 79.30 / 79.00