Markets Focused on Eurogroup Meeting

XAUUSD – Gold Technical Analysis

Due to the Fed's interest rate policy and global economic uncertainties, gold continues to be evaluated as a safe haven. Following Thursday’s sharp decline, gold contracts closed negatively on Friday after moving sideways, but today, a positive trend is observed in the morning hours. If the upward movement continues, the 2930 and 2960 levels can be monitored as important resistance levels. In case of downward movement, the 10-day exponential moving average at 2880 and 2855 levels are key support levels to watch.

Resistance: 2930 / 2960 / 3000
Support: 2880 / 2855 / 2830
 

XAGUSD – Silver Technical Analysis

Parallel to gold, silver is also showing a short-term positive trend today. If the upward movement continues, 32.35 and 32.45 are key resistance levels to monitor. In case of downward movement, the 10-day exponential moving average at 32.00 and 31.80 are important support levels.

Resistance: 32.35 / 32.45 / 32.65
Support: 32.00 / 31.80 / 31.70
 

EUR/USD Technical Analysis

Over the past 5 days, the decline in the dollar index has led to an upward movement in the EUR/USD pair due to the inverse correlation effect. The pair continues its positive trend today, and if this trend persists, the 1.0510 and 1.0530 levels stand out as key resistance points. In case of a potential downward movement, the 1.0470 and 1.0450 levels are critical support levels.

Resistance: 1.0510 / 1.0530 / 1.0550
Support: 1.0470 / 1.0450 / 1.0435
 

NAS100 Technical Analysis

Following retail sales data coming in below expectations and inflation data exceeding expectations, the March 2025 futures index contract has closed positively over the last 4 trading days. Today, the NAS100 contract is also showing a short-term positive trend. If the upward movement continues, the 22320 and all-time high level of 22420 can be monitored as important resistance levels. In case of a downward movement, the 100-day exponential moving average at 22130 and the 22000 level are key support levels.

Resistance: 22320 / 22420 / 22550
Support: 22130 / 22000 / 21840
 

UKOIL Technical Analysis

With Trump’s decision on fossil fuel production, oil prices have been on a downward trend for the past 4 weeks. This morning, the UKOIL contract is seen trading near $75.00 per barrel. Technically, UKOIL is showing a short-term positive trend today. If the recovery movement continues, 75.35 and 76.60 are key resistance levels to monitor. In case of a pullback, 74.20 and 73.30 are important support levels.

Resistance: 75.80 / 76.60 / 77.00
Support: 74.20 / 73.40 / 72.90