ALB Limited 23.09.2024

Ounce Gold Reiterates New Week Peak

XAUUSD - Gold Technical Analysis

Ons Gold continues to break record after record. The precious metal, which closed at the second consecutive weekly earnings level last week, tested its new historical peak with the positive data coming after the FED's jumbo interest rate cut. The precious metal, which rose to $ 2625 on Friday, closed the week at $ 2621. The growth and PCE data to be announced in the USA this week are the data to be followed on the Ons Gold side. Ons Gold, which renewed historical peaks on the first trading day of the new week and rose to $ 2630, can be followed as resistance levels of $ 2650 and $ 2675. In possible withdrawals, 2615 and 2600 can be followed as support levels.
dollar can be monitored as resistance levels. In retreats, 2575 and 2550 can be followed as support levels.

Resistances: 2650 / 2675 / 2700
Supports: 2615 / 2600 / 2585
 

XAGUSD Technical Analysis

Similar to Ons Gold, the upward trend continues in Ons Silver, which has managed to close in the positive pricing zone for 2 consecutive weeks. The growth data and PCE data to be announced in the USA this week are important for the precious metal, which continues its buying trend after the FED interest rate cut and has managed to close above the $ 31.00 level it has been targeting for a long time. If downward movements continue in Ons Silver, 30.95 and 30.75 can be followed as support levels. If recovery movements come to the agenda, $ 31.45 and $ 31.75 can be followed as resistance levels.

Resistances: 31.45 / 31.75 / 32.00
Supports: 30.95 / 30.75 / 30.50
 

EUR/USD Technical Analysis

With the dollar index, which followed a limited positive course in the morning hours, a horizontal course is observed in the short term in the EUR / USD parity. Technically, 1.1170 and 1.1180 can be followed as important resistance levels in upward movements. In downward movements, 1.1140 and 1.1130 can be followed as important support levels.

Resistances: 1.1170 / 1.1180 / 1.1195
Supports: 1.1140 / 1.1130 / 1.1015
 

NAS100 Technical Analysis

In the 2024 December futures index contract, we observe that the downtrend declined this morning by pinning the resistance level of 2170. Technically, in case of persistence above 2170, purchases may gain momentum and 20260 and 20360 can be followed as important resistance levels. In downward movements, 20000 and 19900 can be followed as important support levels.

Resistances: 20170 / 20260 / 20360
Supports: 20000 / 19900 / 19780
 

UKOIL Technical Analysis

UKOIL continues to rise from the lowest levels since 2021, which it saw on 10 September, due to the increase in geopolitical tensions in the Middle East, especially the escalation of conflicts between Israel and Hezbollah. Technically, if upward movements continue, 75.50 and 76.00 can be monitored as important resistance levels. In downward movements, 74.40 and 74.00, where the 20-day exponential moving average is located, can be followed as important support levels.

Resistances: 75.50 / 76.00 / 76.40
Supports: 74.40 / 74.00 / 73.60
 

Tags: Technical Analysis, Analysis, Forex

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