ALB Limited 31.05.2024

Markets Await PCE Data from the US

XAUUSD - Gold Technical Analysis

Ons Gold, which followed a volatile course after the growth data announced yesterday from the USA and closed the day in the buyer's zone, will keep an eye on the PCE data to be announced today. The impact of geopolitical developments and macroeconomic data from the USA may be effective in the precious metal, which has been moving horizontally for a while after renewing its historical peak last week. In Ons Gold, where $ 2300 will be followed as a critical support, a horizontal movement is observed in the morning hours. If recovery trends come to the agenda in the rest of the day, 2360 and 2380 can be followed as resistance levels. In case of possible withdrawal situations, 2330 and 2320 can be followed as support levels.

Resistances: 2360 / 2380 / 2400
Supports: 2330 / 2320 / 2300
 

XAGUSD Technical Analysis

The PCE data to be announced today in the precious metal, which carried the sharp decline it experienced yesterday to the morning hours today, may be decisive in pricing movements. 30.80 and 30.35 can be followed as support levels if downward movements continue during the day in Ons Silver, where $ 30 can be considered as strong support. In upward movements, 31.40 and 31.80 can be followed as resistance levels.

Resistances: 31.40 / 31.80 / 32.00
Supports: 30.80 / 30.35 / 30.00
 

EUR/USD Technical Analysis

In the pair, which threw itself upwards after the US growth data released yesterday, the possibility of an interest rate hike reiterated by the FED caused the day to start with a sellers' course. PCE data to be announced today may also affect pricing movements in the pair. In the pair where 1.08 is the main support, 1.0800 and 1.0780 can be monitored as support levels if downward movements continue during the day. In case of upward movements, 1.0835 and 1.0850 can be followed as resistance levels.

Resistances: 1.0835 / 1.0850 / 1.0860
Supports: 1.0800 / 1.0780 / 1.0765
 

NAS100 Technical Analysis

Yesterday, downward movements in the June 2024 futures index contract gained momentum after the US growth data failed to meet expectations. In the contract, which follows a negative course today, the level of 18550, where the 20-day exponential moving average is located, can be followed as a critical threshold.  If downward movements continue, 18500 and 18410 can be followed as important support levels. In upward movements, 18620 and 18690, where the 10-day exponential moving average is located, can be followed as important resistance levels. If the 18790 level is crossed upwards, 18790 can be followed as another important resistance level.

Resistances: 18620 / 18690 / 18790
Supports: 18500 / 18410 / 18300
 

UKOIL Technical Analysis

On the last trading day of the week, a negative course is observed in UKOIL. If downward movements continue, 81.20 and 80.60 can be followed as important support levels. If the recovery trend comes to the agenda during the day, 82.20 and 82.70, where the 10-day exponential moving average is located, can be followed as important resistance levels. If the 82.70 level is crossed upwards, 83.30, where the 20-day exponential moving average is located, can be followed as another important resistance level.

Resistances: 82.20 / 82.70 / 83.30
Supports: 81.20 / 80.60 / 80.00

Tags: Technical Analysis, Analysis, Forex

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