ALB Limited 18.10.2024

Ounce Gold is Priced Above the $ 2700 Level

XAUUSD - Gold Technical Analysis

Ounce Gold continues to renew its historical peaks. The precious metal, which renewed its historical peak in parallel with the ECB interest rate cut announced yesterday, is priced above $ 2700. The outlook that the major Central Banks will not compromise in the interest rate cut processes is welcomed positively by Ons Gold. The statements of the ECB, BoE and FED attract attention in this regard.  On the other hand, some warming of the cooling geopolitical line in the Middle East also created an upward pricing opportunity for the precious metal. After yesterday's appreciation, 2725 and 2740 can be targeted as new resistance levels for Ons Gold, which followed a buying course in the morning hours today. In possible pullbacks, 2700 and 2675 support 

Resistances: 2725 / 2740 / 2750
Supports : 2700 / 2675 / 2650

 

XAGUSD Technical Analysis


Ons Silver, which followed a volatile course yesterday after the European Central Bank announced its interest rate cut decision and closed the day at a horizontal level, is following a buying trend in the morning hours today. In case of persistence above the 31.75 level, which we follow as a critical threshold in the precious metal, 32.30 and 32.50 can be followed as resistance levels. In possible withdrawals, 32.00 and 31.75 can be monitored as support levels. 

Resistances : 32.30 / 32.50 / 32.70
Supports : 32.00 / 31.75 / 31.50
 

EUR/USD Technical Analysis


EUR/USD parity has a buying trend in the morning hours. In parallel with the ECB interest rate decision announced yesterday, downward pricing was seen in the pair. The pair, which retreated to 1.0810, closed the day at 1.0830. If the upward movements in the pair continue in the continuation of the day, 1.0850 and 1.0870 can be followed as resistance levels. In case of downward movements, 1.0825 and 1.0810 can be followed as support levels.

Resistances : 1.0850 / 1.0870 / 1.0890
Supports : 1.0825 / 1.0810 / 1.0800
 

NAS100 Technical Analysis


In the 2024 December futures index contract, the positive trend in the new week continues. The index contract, which was subjected to selling pressure after rising to 20590 yesterday and closed the day at $ 20383, continues to buy in the morning hours today. If the upward movements in Nas100 continue, 20540 and 20790 can be targeted as resistance levels. In possible withdrawals, 20350 and 20230 can be monitored as support levels.

Resistances : 20540 / 20790 / 20900
Supports : 20340 / 20230 / 20000
 

UKOIL Technical Analysis

Ukoil, which is priced below the 8 and 21-day exponential moving averages, which we follow as reference indicators, has a buying trend in the morning hours with the effect of geopolitical developments. If the positive momentum continues, 75.00, 75.65 and 76.65 levels can be followed above. Otherwise, in case of a possible retreat, 73.60 and 73.25 can be followed as support.

Resistances : 75.00 / 75.65 / 76.60
Supports : 73.60 / 73.25 / 72.75

Tags: Technical Analysis, Analysis, Forex

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