No Additional Incentive Steps Expected from China

 XAUUSD - Gold Technical Analysis

Ons Gold, which closed in the positive pricing zone for 3 consecutive weeks, closed last week at $ 2653 with a depreciation. Although the precious metal, which fell to $ 2624 in the week with intense data flow, was priced upwards in the rest of the week, it was subjected to selling pressure again after the Non-Farm Employment data announced above expectations on Friday. On the geopolitical side, developments in the Middle East can make gold seen as a safe haven, while $ 2672 levels can be said to be supply zones for Ons Gold. Looking at the data calendar, the FOMC minutes to be announced on Wednesday and the US CPI data to be announced on Thursday may be effective in pricing movements in the precious metal. For gold, $ 2672 and $ 2685 can be monitored as resistance levels, while $ 2635 and $ 2600 can be targeted as support.
 
Resistances : 2672 / 2685 / 2700
Supports : 2635 / 2600 / 2585
 

XAGUSD Technical Analysis

The precious metal, which saw the highest level of $ 32.69 in the last 12 years in the past weeks, had renewed its record by rising to $ 32.95 on Friday. Unlike Ons Gold, the precious metal, which continues its positive course after the Non-Farm Employment data, is experiencing sharp retreats in the new week. If downward movements continue, 31.20 and 31.00 can be followed as support levels. 31.75 and 32.00 dollars, which we follow as a critical threshold, can be followed as resistance levels. Looking at the data calendar, the FOMC minutes to be announced on Wednesday and the US CPI data to be announced on Thursday may be effective in pricing movements in precious metal.
 
Resistances : 31.75 / 32.00 / 32.45
Supports : 31.20 / 31.00 / 30.70
  

EUR/USD Technical Analysis

In the morning hours, a positive course is observed in the EUR / USD parity. Technically, if the upward movements continue, 1.1000 and 1.1010 can be followed as important resistance levels. In downward movements, 1.1070 and 1.1060, where the 100-day exponential moving average is located, can be followed as important resistance levels.
 
Resistances : 1.1000 / 1.1010 / 1.1025
Supports : 1.0970 / 1.0960 / 1.0940
 

NAS100 Technical Analysis

On the second trading day of the week, a negative course is observed in the 2024 December futures index contract this morning. Technically, 19900 and 19800 can be followed as important support levels if downward movements continue. In upward movements, 20100 and 20200 can be followed as important resistance levels.
 
Resistances : 20100 / 20200 / 20350
Supports : 19900 / 19800 / 19700
 

UKOIL Technical Analysis

Statements that China will avoid additional stimulus measures were one of the main factors putting pressure on oil prices. Technically, if the downward movements in UKOIL, which followed a negative course in the morning hours, continue, 79.00 and 78.70, where the 100-day exponential moving average is located, can be followed as important support levels. In upward movements, 80.00 and 80.50 can be followed as important resistance levels.
 
Resistances : 80.00 / 80.50 / 80.90
Supports : 79.00 / 78.70 / 78.10