Non-Farm Payrolls Data Today
XAUUSD - Gold Technical Analysis
After the data announced in the US was below expectations, concerns about a potential recession caused selling pressure in precious metals. In the markets where the FED is expected to cut interest rates by 250 basis points in September, the Non-Farm Payrolls data to be announced today is an important data set. The strong results of the data set may appear as a negative scenario for precious metals. On the technical side, staying above $ 2500 is the dominant factor for Ons to experience positive scenarios. 2525 and $ 2550 can be monitored as resistance in the short term at this point. 2500 and $ 2485 can be followed as support levels.
Resistances: 2525 / 2550 / 2570
Supports: 2500 / 2485 / 2470
XAGUSD Technical Analysis
The positive trend continues in Ons Silver ahead of critical data in the USA. Although the precious metal, which closed the past two days with a gain in value, threw a needle above the $ 29.00 level, it could not provide permanence and closed the day at 28.80. In the precious metal, the $ 29.00 level can be followed as a resistance level in the short term if upward movements continue. If this level is exceeded, $ 29.20 and $ 29.45 can be followed as new resistances. In case of downward movements, 28.70 and 28.45 can be targeted as support levels. Non-Farm Employment data to be announced today in Ons Silver is very important in terms of pricing movements.
Resistances: 29.00 / 29.20 / 29.45
Supports: 28.70 / 28.45 / 28.20
EUR/USD Technical Analysis
With the short-term decline in the dollar index before the August employment data to be announced in the US today, which is expected to have an impact on shaping the FED's interest rate policy, a positive course is observed in the EUR / USD parity in the morning hours. Technically, if the upward movements continue, 1.1140 and 1.1160 can be followed as important resistance levels. In downward movements, 1.1100 and 1.1090 can be followed as important support levels.
Resistances: 1.1140 / 1.1160 / 1.1185
Supports: 1.1100 / 1.1090 / 1.1075
NAS100 Technical Analysis
Non-farm payrolls and unemployment rate for August will be announced in the US today. Before the employment data, which will be effective in terms of pricing in the market, a negative course is observed in the short term in the 2024 September futures index contract. Technically, 18790 and 18650 can be followed as important support levels if downward movements continue. In upward movements, 19000 and 19100, where the 100-day exponential moving average is located, can be followed as important resistance levels.
Resistances: 19000 / 19100 / 19190
Supports: 18790 / 18650 / 18560
UKOIL Technical Analysis
Despite OPEC+'s announcement to postpone the production increase by two months, UKOIL prices continue to be suppressed due to the weak demand prevailing in the market and concerns over abundant supply outside OPEC+. Technically, UKOIL prices are hovering close to the December 2023 levels and a limited positive movement is observed in the short term. If upward movements continue in the rest of the day, 73.60 and 74.00 can be monitored as important resistance levels. In downward movements, 72.60 and 72.00 can be followed as important support levels.
Resistances: 73.60 / 74.00 / 74.40
Supports: 72.30 / 72.00 / 71.50 Tags: Technical Analysis, Analysis, Forex