Retracement Continues in Ounce Gold

XAUUSD - Gold Technical Analysis

The precious metal, which lost value against the increasing dollar index and bonds with Trump winning the elections in the USA last week, showed some recovery with the effect of the FED interest rate hike, but there was a weekly depreciation in the precious metal. For the precious metal, which shows pricing movements at the channel bottom of its upward trend on the first trading day of the new week, the 100-day moving average support at $ 2650 seems to be the most basic support in the short term. In case of recovery trends in the precious metal, $ 2700, where the 21-day average is located, and $ 2715, which we follow as an important level, can be followed as resistance levels.

Resistances : 2700 / 2715 / 2750
Supports : 2650 / 2625 / 2600
 

XAGUSD Technical Analysis

Similar to Ons Gold, pricing movements are trying to reach consolidation in Ons Silver, which experienced retractions after Trump declared his presidency. While the downward break of the $ 32.50 level, which is an important threshold of the upward breakout and which we often emphasise, creates pressure on the precious metal, the continuation of pricing movements below the 50-day exponential average emerges as the reasons for the precious metal. If the upward movements continue in the precious metal, which follows a buying trend on the first trading day of the new week, 31.45 and 31.65 can be followed as resistance levels. In possible retreats, 31.05 and 30.80 can be monitored as support levels.

Resistances : 31.45 / 31.65 / 31.95
Supports : 31.05 / 30.80 / 30.60
 

EUR/USD Technical Analysis

Last week, the retreat in the pair with Trump's coming to the presidency showed its counterpart in the dollar index. Against the index, which broke the downward trend it has been in for a long time and tested 105.5 levels, the pair, which depreciated last week and retreated to 1.0680 levels, has a buying trend on the first trading day of the new week. If the upward movements in the pair continue, 1.0740 and 1.0760 can be followed as resistance levels. In possible pullbacks, 1.0685 and 1.0665 can be targeted as support levels. US inflation data to be announced this week can be followed in terms of pricing movements in the pair.

Resistances : 1.0740 / 1.0760 / 1.0790
Supports : 1.0685 / 1.0665 / 1.0650
 

NAS100 Technical Analysis

The upward trend in the Nas100 futures index contract continues after both Trump's victory and the Fed interest rate decision. In the index, which has been rising by renewing its historical peaks, Tesla has risen close to 30% since last week, while Nvidia and Amazon have also contributed to the rise of the index. Although there is no important data to be announced during the day, US and European stock markets can be monitored. In the contract, where the upward trend continues, 21400 / 21600 and 21750 levels can be followed as resistance. In possible selling trends, 21126 / 20915 and 20715 can be targeted as support levels.

Resistances : 21400 / 21600 / 21750
Supports : 21126 / 20915 / 20715
 

UKOIL Technical Analysis

In the oil futures contract, there was no change in the US oil drilling rig data this week. Although there is no important news flow in the contract, which has experienced some retreat after the Fed interest rate decision, US and European stock markets can be monitored during the day. In possible upward trends, 74.47 / 75.43 and 76.08 levels can be followed as resistance in the contract. In possible selling trends, 72.90 / 71.95 and 70.70 can be targeted as support levels.

Resistances : 74,47 / 75,43 / 76,08
Supports : 72,90 / 71,95 / 70,70