ALB Limited 23.10.2024

Ons Silver Movement Continues

XAUUSD - Gold Technical Analysis

Ounce Gold continues to renew its historical peaks. The precious metal continues to maintain its strong position with the help of geopolitical uncertainties bringing the safe-haven feature to the fore, despite the economic data from the US causing a stronger US dollar and stronger bond yields. Ounce Gold, which managed to close Tuesday at its new high level with the $ 2748 level seen yesterday, continues to rise in the morning hours today. In precious metal, 2775 and 2790 can be monitored as short-term resistance levels. In possible retreats, 2740 and 2715 can be targeted as support levels.

Resistances : 2775 / 2790 / 2800
Supports : 2740 / 2715 / 2700
  

XAGUSD Technical Analysis


Ons Silver continues its strong stance. The precious metal, which broke the $ 32.30 level, which was seen as an important threshold with a sharp rise last Friday, and managed to close above this level, seems to have settled above the $ 34.00 level with the rise it experienced yesterday. If the upward movements continue in the precious metal, which follows a buying course in the morning hours today, $ 34.85 and $ 35.00 can be followed as resistance levels. In possible retreats, $ 34.40 and $ 34.25 can be followed as support levels. 

Resistances : 34.90 / 35.00 / 35.30
Supports : 34.40 / 34.25 / 34.00
 

EUR/USD Technical Analysis


The US dollar continues to maintain its strong outlook in general. While the strength of the macroeconomic data from the USA creates a question mark in order to clarify the interest rate cut cycle on the FED side, the ECB's interest rate cut map draws a clearer picture. After the retreat in the pair in the first two trading days of the week, slight recoveries are seen by the Euro in the morning hours today. If the upward movements continue in the pair, which shows positive pricing movements, 1.0815 and 1.0830 can be monitored as resistance levels. In possible withdrawals, 1.0790 and 1.0775 can be followed as support levels.

Resistances : 1.0815/ 1.0830 / 1.0870
Supports : 1.0790 / 1.0775 / 1.0730
 

NAS100 Technical Analysis


In the 2024 December futures index contract, the positive trend last week has been replaced by selling pressure in the new week. The $ 20340 level continues to be tested in the index contract, which was subjected to selling pressure after rising to 20678 last week and closed the week at $ 20482. In the contract, which experienced a sharp retreat in the morning hours yesterday, the recovery movements experienced later in the day helped the contract to close at a level close to flat. In the morning hours today, 20340 and 20230 can be targeted as support levels if downward movements continue in the asset, which follows a slightly sellers course close to flat. In possible recovery movements, 20610 and 20790 can be monitored as resistance levels. 

Resistances : 20610 / 20790 / 20900
Supports : 20340 / 20230 / 20000
 

UKOIL Technical Analysis


UKOIL, which continues its recovery trends in the new week after the sharp retreat it experienced last week, has a buying trend in the morning hours today. If the recovery trends in oil continue, $ 76.35 and $ 76.70 can be followed as resistance levels. In case of possible withdrawal, the level of 75.40, where the 50-day average is found, can be followed as a support level.

Resistances : 76.35 / 76.70 / 77.52
Supports : 75.41 / 74.89 / 74.23

Tags: Technical Analysis, Analysis, Forex

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