Today, U.S. PPI Data Will Be Released

XAUUSD – Gold Technical Analysis

On Tuesday, Gold refreshed its all-time high, reaching $2,942. Following the U.S. inflation data released yesterday, the precious metal exhibited a volatile trend. After the CPI came in above expectations, gold fell as low as $2,864 but managed to close the day in positive territory around the $2,900 level. Inflation risks in the U.S., gold’s safe-haven appeal, and Trump’s policies continue to support demand for the precious metal. From a technical perspective, gold is trading with a bullish bias in the morning hours. Key resistance levels to watch throughout the day are $2,925 and $2,940. On potential pullbacks, $2,900 and $2,885 can be monitored as support levels.

Resistances: 2,925 / 2,940 / 2,950
Supports: 2,900 / 2,885 / 2,860
 

XAGUSD – Silver Technical Analysis

The strong upward momentum in silver continues. Following the U.S. CPI data released yesterday, silver extended its gains and is also trading positively in the morning hours today. From a technical point of view, $32.50 and $32.65 levels can be monitored as resistance, while $32.05 and $31.80 levels serve as support. Today’s U.S. PPI data will be crucial for silver price movements.

Resistances: 32.50 / 32.65 / 32.85
Supports: 32.05 / 31.80 / 31.60
 

EUR/USD Technical Analysis

The pair continues to show signs of recovery. After a volatile session following the U.S. CPI data, EUR/USD managed to close in positive territory. Following the data, the DXY tested the 108.4 level, while the U.S. 10-year Treasury yields hit 4.60%. Although Trump made statements about rate cuts, expectations suggest that rate cuts might be delayed. Powell’s comments also leaned in this direction. This morning, the pair is continuing its upward movement. Resistance levels to monitor are 1.0465 and 1.0485, while support levels to watch on a potential pullback are 1.0405 and 1.0380.

Resistances: 1.0465 / 1.0485 / 1.0520
Supports: 1.0405 / 1.0380 / 1.0360
 

NAS100 Technical Analysis

After retreating to its 50-day exponential moving average following the U.S. CPI data, the futures index managed to close the day flat. This morning, it is showing a bullish bias. If the recovery continues, resistance levels to watch are 22,110 and 22,310. On the downside, support levels are at 21,800 and 21,680.

Resistances: 22,110 / 22,310 / 22,430
Supports: 21,800 / 21,680 / 21,530
 

UKOIL Technical Analysis

Oil prices declined after Trump and Putin agreed to meet to discuss ending the war in Ukraine. This morning, oil continues to trade with a bearish bias. From a technical perspective, if recovery movements emerge, resistance levels to watch are $75.08 and $75.79. On potential pullbacks, $74.08 and $73.80 serve as support levels.

Resistances: 75.08 / 75.79 / 76.77
Supports: 74.08 / 73.80 / 72.99