New High in Ounce Gold
XAUUSD - Gold Technical Analysis
Ons Gold, which spent last week gaining value and renewing its historical peak, continues to rise on the first trading day of the new week, although Japan and China markets are closed. While the US side is stepping into the FOMC week, pricing movements on the Ons Gold side are waiting for interest rate cuts. Expectations for a 50 basis point interest rate cut seem to have increased in the market. On the other hand, in terms of gold, the Houthis' attack on Israel also affects pricing. We are entering an important week for precious metals. Technically speaking, the precious metal, which was able to maintain the permanence above $ 2500, which we mentioned earlier, closed last week at 2577. If the upward movements in Ons Gold continue, $ 2600 and $ 2625 can be monitored as resistance levels. In retreats, 2575 and 2550 can be followed as support levels.
Resistances: 2600 / 2625 / 2650
Supports: 2575 / 2550 / 2525
XAGUSD Technical Analysis
Ons Silver, which completed last week with a value gain, started the FOMC week with a buying trend. In the precious metal, which continues to rise in line with the FED's 50 basis point interest rate cut expectations, the $ 30.00 level we mentioned in the past weeks seems to have broken. The first resistance for the precious metal can be monitored as 31.25. If this level is exceeded, 31.50 and 31.75 can be followed as resistance levels. In possible withdrawals, $ 30.70 and $ 30.40 can be targeted as support levels.
Resistances: 31.25 / 31.50 / 31.75
Supports: 30.70 / 30.40 / 30.20
EUR/USD Technical Analysis
After the European Central Bank cut interest rates in line with expectations on Thursday last week, the EUR/USD parity closed the week slightly negative. In the morning hours, if the upward movements continue during the day, 1.1100 and 1.1120 can be followed as important resistance levels. In downward movements, 1.1085 and 1.1075 can be followed as important support levels.
Resistances: 1.1100 / 1.1120 / 1.1135
Supports: 1.1085 / 1.1075 / 1.1060
NAS100 Technical Analysis
In the week when Consumer Price Index (CPI) and Producer Price Index (PPI) data were announced in the US, the markets closed on a positive note. However, a limited negative trend is observed on the first trading day of the new week. Technically, 19370, which corresponds to the 23.6% fibonacci slice, and 19290, where the 50-day exponential moving average is located, can be followed as important support levels in downward movements. In upward movements, 19600 and 19700 can be followed as important resistance levels.
Resistances: 19600 / 19700 / 19800
Supports: 19370 / 19290 / 19235
UKOIL Technical Analysis
UKOIL pricing continues to be suppressed with the weakening of the economic outlook in China. In technical terms, 71.20 and 70.70 can be followed as important support levels in downward movements in UKOIL, which followed a horizontal course in the morning hours. In upward movements, 72.20 and 72.60, where the 10-day exponential moving average is located, can be followed as important resistance levels.
Resistances: 72.20 / 72.70 / 73.20
Supports: 71.20 / 70.70 / 70.30
