TRUMP Again!
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. It started the day with a buying course in the new week and is pricing above $ 2700 in the morning hours. Technically, if the upward movements continue, 2725 and 2740 dollars can be followed as resistance levels. 2690 dollars can be followed as a support level.
Resistances 2725 / 2745 / 2760
Supports 2700 / 2690 / 2675
XAGUSD Technical Analysis
Ons Silver, which followed a mixed course last week and closed Friday with a sharp retreat, offers a positive outlook on the first trading day of the new week. Priced at 50 and 100-day major averages, 30.60 and 30.80 can be followed as resistance levels in the continuation of upward movements for the precious metal. In possible pullbacks, 30.10 and 29.85 can be monitored as support levels.
Resistances : 31.60 / 30.80 / 31.00
Supports : 30.10 / 29.85 / 29.60
EUR/USD Technical Analysis
An important day for the pair, Trump takes over the presidency. The CPI data released in the US last week had a small recovery effect. The pair also started the new week positively. Priced at 1.03, 1.0330 and 1.0385 can be monitored as resistance levels. 1.0260 can be followed as a support level.
Resistances : 1.0330 / 1.0385 / 1.0425
Supports : 1.0260 / 1.0215 / 1.0175
NAS100 Technical Analysis
Technically, the March 2025 futures index contract has a horizontal negative course in the short term today. 21340 and 21160 can be monitored as support levels. In upward movements, 21750 and 21900 can be followed as resistance levels. Today, Trump's inauguration and the US - Martin Luther King Jr. Day may be important in terms of pricing.
Resistances : 21360 / 21500 / 21630
Supports : 21340 / 21160 / 20980
Technical Analysis of UKOIL
Today marks Trump's second term in office. Solutions to geopolitical tensions, which was his election promise, seem to be on the table, albeit at the initial stage. In addition to the geopolitical softening, Trump's LNG policy also gives room for pressure on the oil side. UKOIL, which closed last week with a loss in value, is also on a sellers' course on the first trading day of the new week. If the retreat continues, 80.00 and 79.60 can be monitored as support levels. In recovery movements, 81.00 and 81.60 can be followed as resistance levels.
Resistances : 81.00 / 81.60 / 81.95
Supports : 80.00 / 79.60 / 79.25
Tags: Technical Analysis, Analysis, Forex