ALB Limited 07.10.2024

Non-Farm Payrolls in the US Above Expectations

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. While $ 2672 and $ 2685 can be monitored as resistance levels for gold, $ 2630 and $ 2600 can be targeted as support.
 
Resistances : 2672 / 2685 / 2700
Supports : 2630 / 2600 / 2585
 

XAGUSD Technical Analysis

Ons Silver, which has managed to close weekly in the positive zone for 4 consecutive weeks, continues to accelerate upwards. The precious metal, which has seen the highest level of $ 32.69 in the last 12 years in the past weeks, 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, follows a horizontal course on the first trading day of the new week. In Ons Silver, $ 32.45 and $ 32.75 can be followed as resistance levels. In downward movements, 32.00 and 31.75 can be followed as support 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 the precious metal.
 
Resistances : 32.45 / 32.75 / 33.30
Supports : 32.00 / 31.75 / 31.40
  

EUR/USD Technical Analysis

The EUR/USD parity, which closed last week negatively, is following a positive course in the morning hours today. Technically, if the upward movements continue, exceeding the 1.0970 level, where the 100-day exponential moving average is located, may increase the upward momentum in prices. In this scenario, 1.0990 and 1.1000 levels can be monitored as important resistance zones. In downward movements, 1.0950 and 1.0935 can be followed as important support levels.
 
Resistances : 1.0990 / 1.1000 / 1.1015
Supports : 1.0950 / 1.0935 / 1.0920
 

NAS100 Technical Analysis


Last week, after we met the non-farm payrolls data and unemployment rate in the US on Friday, the 2024 December futures index contract closed the day positively. In technical terms, 20100 and 20000 can be monitored as important support levels if downward movements continue in the contract, which follows a negative course in the morning hours today. In upward movements, 20300 and 20410 can be followed as important resistance levels.
 
Resistances : 20300 / 20410 / 20500
Supports : 20100 / 20000 / 19890

 

UKOIL Technical Analysis

On the first trading day of the week, UKOIL prices found support especially with the concerns of increasing geopolitical tensions, while 78.50 and 79.00 can be monitored as important resistance levels in the short term if upward movements continue in technical terms. In downward movements, 77.50 and 77.10 can be followed as important support levels.
 
Resistances : 78.50 / 79.00 / 79.40
Supports : 77.50 / 77.10 / 76.60

Tags: Technical Analysis, Analysis, Forex

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