Markets Focused on US Growth Data

XAUUSD - Gold Technical Analysis

For gold, which continued to rise with geopolitical developments at the beginning of the week, economic developments are shaping in a way that reverses pricing movements. In addition to the hawkish statements from Fed members putting pressure on the upward momentum, the rise in the dollar index and the increase in the US 10-year bond interest rate allows gold to move into the negative pricing zone on a weekly basis. Ons Gold, which failed to break the $ 2363 resistance during the week, retreated to $ 2327 in the morning hours today. In case of continued sellers in the precious metal, 2320 and 2300 can be monitored as support levels. In case of possible recovery trends, 2350 and 2365 can be followed as resistance levels.

Resistances: 2350 / 2365 / 2380
Supports: 2320 / 2300 / 2280
 

XAGUSD Technical Analysis

Similar to Ons Gold, it started the week with a gain in value and has been following a sellers' course in the last two days. Ons Silver, which reached its highest level on a weekly basis with the level of $ 32.28 seen yesterday, was exposed to selling pressure during the search for the summit, while this pressure is also seen in the morning hours today. Although the macroeconomic data from the US on behalf of the precious metal draws a negative outlook, China and India create positive expectations for demand. Today, 31.25 and 30.75 can be monitored as support levels for the precious metal, which follows a sellers' course in the morning hours. 30.00 dollars can be seen as the main support for silver. In upward movements, 32.00 and 32.50 can be targeted as resistance levels.

Resistances: 32.00 / 32.50 / 33.00
Supports: 31.60 / 31.40 / 31.00
 

EUR/USD Technical Analysis

Although the interest rate cut speeches on the ECB side are becoming increasingly clear, the FED's interest rate hike is seen as the main reason for the retreat of the pair. The pair, which saw below the level of 1.0800 yesterday with the macroeconomic data from the USA and the strengthening of the dollar index, closed the day at 1.0800. The growth data to be announced today in the USA and the PCE data to be announced tomorrow will be decisive for the future of the pair at this point. If downward movements continue in the pair, which continues its downward movement in the morning hours today, 1.0780 and 1.0765 can be monitored as support levels. In upward movements, 1.0820 and 1.0845 can be followed as resistance levels.

Resistances: 1.0820 / 1.0845 / 1.0860
Supports: 1.0780 / 1.0765 / 1.0750
 

NAS100 Technical Analysis

Profit realisations started to be seen in Nasdaq, which renewed its historical peaks with the effect of technology companies that had a productive balance sheet season in the USA. In the Nas100 futures index contract, which carried the decline experienced yesterday to the morning hours today, sagging below 18500 levels can be seen. If the downward movements continue in the contract, which has felt the selling pressure since the $ 19000 level seen last week and is currently at 18650 levels, 18500 and 18400 can be monitored as support levels. In the case of possible recovery trends, 18870 and 19020 can be followed as resistance levels.

Resistances: 18870 / 19020 / 19250
Supports: 18500 / 18400 / 18270
 

UKOIL Technical Analysis

The Beige Book report released yesterday indicated that economic activity in the U.S. continues to strengthen, which has put pressure on oil prices due to negative signals regarding potential interest rate cuts. Despite the API crude oil inventory report showing the second-largest weekly decline of the year, UKOIL experienced sharp pullbacks yesterday. As of this morning, UKOIL is also trading lower. If the downward trend continues, the support levels to watch are 82.90 and 82.50. On the upside, resistance levels can be targeted at 84.10 and 84.50.

Resistances: 84,10 / 84,50 / 85,00
Supports: 82,90 / 82,50 / 82,10