ALB Limited 22.01.2025

Precious Metals Continue to Strengthen

XAUUSD - Gold Technical Analysis

Last week, the US side was quite active. CPI in the US was within expectations and Core CPI was slightly below expectations. This week too, the data agenda looks busy for the US. The most important thing is that Trump will take the presidency. Ons Gold closed last week with a value gain. In the new week, it is on a buying course with the Trump effect and is pricing above $ 2745 in the morning hours. Technically, if the upward movements continue, 2760 and 2785 dollars can be followed as resistance levels. 2715 dollars can be followed as a support level.

Resistances : 2760 / 2785 / 2800
Supports : 2715 / 2700 / 2685

 

XAGUSD Technical Analysis


Ons Silver, which followed a mixed course last week and closed Friday with a sharp retreat, offers a positive outlook in the new week. For the precious metal, which was priced at the 50 and 100-day major averages in the first two trading days of the week and found support from these levels, 31.00 and 31.15 can be followed as resistance levels in the continuation of upward movements. In possible pullbacks, 30.60 and 30.35 can be monitored as support levels.

Resistances: 31.00 / 31.15 / 31.30
Supports: 30.60 / 30.35 / 30.00
 

EUR/USD Technical Analysis


An important day for the pair continues. Trump took over the presidency. The CPI data announced in the US last week had a small recovery effect. Yesterday, the dollar index retreated sharply, closing below the 108 level, and the pair saw very hard pricing. The next process may depend on the course of Trump policies. As a matter of fact, the impact of tariffs or taxation on Europe in the first place may be a soft transition. If the retracements continue in the pair, which followed a sellers course in the morning hours today, 1.0365 and 1.0335 can be monitored as support levels. In possible recovery movements, 1.0425 and 1.0460 can be followed as resistance levels.

Resistances : 1.0425 / 1.0460 / 1.0500
Supports : 1.0365 / 1.0335 / 1.0300

 

NAS100 Technical Analysis


The index contract for March 2025 futures is positive with the rise in technology sector stocks after Trump announced a $ 100 billion artificial intelligence investment. Technically, NAS100, which follows a positive course in the short term today, can be monitored as 22000 and 22110 important resistance levels if upward movements continue. In downward movements, 21700 and 21530, where the 10-day exponential moving average is located, can be followed as important support levels.

Resistors : 22000 / 22110 / 22300
Supports : 21700 / 21530 / 21370
 

Technical Analysis of UKOIL


Oil prices continue to decline on trade war concerns due to President Trump's new tariff threats against China and heavy tariffs that could be imposed on Canada and Mexico. Technically, if downward movements continue today in the UKOIL contract, which has followed a negative course for the last 5 days, 78.50 and 78.10, where the 20-day exponential moving average is located, can be followed as important support levels. In upward movements, 79.50 and 80.10 can be followed as important resistance levels.

Resistances : 79.50 / 80.10 / 80.70
Supports : 78.50 / 78.10 / 77.60

Tags: Technical Analysis, Analysis, Forex

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