ALB Limited 06.12.2024

Non-Farm Payrolls Data will be in the Global Markets

XAUUSD - Gold Technical Analysis

The data coming from the US on Wednesday was priced positively on the Ons Gold side. After the ADP Non-Farm Payrolls and PMI data, which were below expectations, bond yields declined, while Ons Gold saw a buying course. The precious metal, which has been moving between the 50 and 21-day exponential moving averages for a while, closed the day with a retreat yesterday. Today, a buying course is observed in the morning hours. Non-Farm Employment data to be announced on the US side may increase volatility in the markets. The market expectation is that the data will be announced as 194k. Technically, if the upward movements continue for Ons Gold, which started the morning hours with a buying course, can be followed as 2645 and 2675 resistance levels corresponding to the 21-day average. In possible withdrawals, 2640 and 2625 can be followed as support levels.

Resistances : 2645 / 2675 / 2700
Supports : 2625 / 2600 / 2580
 

XAGUSD Technical Analysis


After yesterday's appreciation, a sellers' course is observed in Ons Silver, which retreated to 30.89 in the morning hours today. It is seen that the price in Ons Silver is above all major averages. Technically, 31.40 and 31.60 can be monitored as resistance levels in the continuation of upward movements. In possible withdrawals, 31.10 and 30.90 can be monitored as support levels.

Resistances : 31.40 / 31.60 / 31.95
Supports : 31.10 / 30.90 / 30.60
 

EUR/USD Technical Analysis


Increasing uncertainties in the European region and the continued contraction in macroeconomic data strengthen the expectations for a 50 basis point interest rate cut in December.  The pair had been showing a recovery trend for the last 3 days. Non-Farm Payrolls data will be announced in the US today. Expectation is at the level of 194k. On the technical side, the pair, which is trying to recover at 1.05 levels, has a selling trend in the morning hours. In downward movements, 1.0565 and 1.0535 can be monitored as support levels. In upward movements, 1.0595 and 1.0620 can be followed as resistance levels.

Resistances : 1.0595 / 1.0620 / 1.0650
Supports : 1.0565 / 1.0535 / 1.0495
 

NAS100 Technical Analysis


Nas100 futures index contract, which continues to maintain its gains on the last trading day of the week, has a horizontal course in the morning hours. In the contract priced near its historical peak, 21600 and 21750 can be followed as resistance levels in upward movements. In possible retracements, 21280 and 21160 can be followed as support levels.

Resistances : 21600 / 21750 / 21800
Supports : 21280 / 21160 / 21065
  

UKOIL Technical Analysis

The selling trend continues after the OPEC meeting. At the meeting held yesterday, it was decided to extend the supply cuts until the end of 2026. If downward movements continue in oil, which continues its downward course in the morning hours today after yesterday's retreat, 71.60 and 70.70 can be followed as support levels. In possible recovery movements, 72.60 and 73.20 can be followed as resistance levels.

Resistances : 72.60 / 73.20 / 73.70
Supports : 71.60 / 70.70 / 70.20

Tags: Technical Analysis, Analysis, Forex

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