Positive Trend Continues in Precious Metals

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 last week, closed at $ 2721 on Friday. The view that the major Central Banks will not compromise in the interest rate cut processes is welcomed positively by Ons Gold. On the other hand, geopolitical uncertainties also bring the safe-haven feature to the fore. The precious metal maintains its strong position despite the economic data from the US causing stronger US dollar and stronger bond yields. Today, 2732 and 2750 can be followed as resistance levels in the precious metal, which continues to rise in the morning hours. In possible retreats, 2715 and 2700 can be targeted as support levels. 

Resistances : 2732 / 2750 / 2770
Supports : 2715 / 2700 / 2685
 

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, continues its upward momentum in the morning hours today. If the pricing movements continue in the precious metal, which is experiencing an upward movement in parallel with Ons Gold, 34.10 and 34.40 can be followed as resistance levels. In retreats, 33.50 and 33.00 can be followed as support levels. 

Resistances : 34.10 / 34.40 / 34.90
Supports : 33.50 / 33.00 / 32.70
  

EUR/USD Technical Analysis

The US dollar continues to maintain its strong outlook. While the strength of macroeconomic data from the US 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. On the first trading day of the new week, 1.0830 and 1.0810 can be monitored as support levels if downward movements continue in the pair, which shows negative pricing movements in the morning hours. In possible recovery trends, 1.0870 and 1.0890 can be followed as resistance levels. 

Resistances : 1.0870 / 1.0890 / 1.0905
Supports : 1.0830 / 1.0810 / 1.0800
 

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In the 2024 December futures index contract, the positive trend last week has been replaced by selling pressure in the new week.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 index contract, which was subjected to selling pressure after rising to 20678 last week and closed the week at $ 20482, has a selling trend in the morning hours today. If downward movements continue in Nas100, 20350 and 20230 can be targeted as support levels. In possible recovery movements, 20540 and 20790 can be monitored as resistance levels. 

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

UKOIL Technical Analysis

UKOIL, which started the first trading day of the new week in a buying trend after the sharp retreat last week, can be followed as 73.70 and 74.60 resistance levels if upward movements continue. In case possible selling pressures come to the agenda, 72.85 and 72.45 can be followed as support levels.

Resistances : 73.70 / 74.60 / 75.00
Supports : 72.85 / 72.45 / 71.60