Today, All Eyes on PMI Data in Global Markets
XAUUSD – Gold Technical Analysis
Gold, which showed weak performance last week and closed the week at $2854 with a loss, started the new week with a positive outlook due to factors such as increased demand for safe havens and uncertainty regarding Trump’s tariffs. This morning, gold is showing an upward trend. If the upward movement continues, resistance levels at $2875 and $2885 can be monitored. In case of a pullback, support levels at $2855 and $2840 can be seen.
Resistance: 2875 / 2885 / 2895
Support: 2855 / 2840 / 2830
XAGUSD – Silver Technical Analysis
Silver is also showing a positive trend this morning. If the upward movement continues, important resistance levels are at $31.40, which is the 50-day exponential moving average, and $31.55. In case of downward movements, support levels at $31.00 and $30.75 can be monitored.
Resistance: 31.40 / 31.55 / 31.70
Support: 31.00 / 30.75 / 30.50
EUR/USD – Euro/US Dollar Technical Analysis
After the PCE data released on Friday, which was in line with expectations, the pair showed a pullback. The macroeconomic data from the U.S. points to a slowdown, and the inflationary pressures from Trump’s tariffs are on the agenda. The pair started the first trading day of the new week with a positive trend. If the upward movement continues, resistance levels at 1.0430 and 1.0440 can be monitored. In case of a downward movement, critical support levels at 1.0400 and 1.0370 should be watched.
Resistance: 1.0430 / 1.0440 / 1.0460
Support: 1.0400 / 1.0370 / 1.0350
NAS100 – NASDAQ 100 Technical Analysis
The NASDAQ 100 futures contract, which is priced above $20,960 this morning, could face selling pressure. If this occurs, support levels at 20,835 and 20,690 should be monitored. In case of an upward movement, resistance levels at 21,065 and 21,190 can be tracked.
Resistance: 21,065 / 21,190 / 21,385
Support: 20,835 / 20,690 / 20,605
UKOIL – Brent Oil Technical Analysis
Brent oil is trading below $73 per barrel this morning with a downward trend. Technically, in case of further downward movements, support levels at $72.80 and $72.60 can be monitored. If there is a recovery, resistance levels at $73.35 and $73.70 can be followed.
Resistance: 73.35 / 73.70 / 74.00
Support: 72.65 / 72.35 / 72.00
Tags: Technical Analysis, Analysis, Forex