U.S. Budget Deficit Reaches $307 Billion in February

XAUUSD – Gold Technical Analysis

The U.S. budget deficit reaching a record high and increased government spending have intensified inflationary pressures and economic uncertainties, boosting demand for gold as a safe haven against depreciation risks.
Technically, gold is trading bullish this morning. If the upward movement continues, the resistance levels to watch are:

Resistance Levels: 2955 / 2965 / 2975
Support Levels: 2930 / 2915 / 2905
In case of a downward move, the support levels are $2930 and $2915.
 

XAGUSD – Silver Technical Analysis

Silver prices are exhibiting a bearish trend this morning.
If the downward movement continues, key support levels are:

Support Levels: 32.90 / 32.75 / 32.50
In case of a recovery, important resistance levels are:
Resistance Levels: 33.40 / 33.60 / 33.80
 

EUR/USD Technical Analysis

The EUR/USD pair is showing a bearish trend this morning.
If the downward movement continues, support levels to watch are:

Support Levels: 1.0850 / 1.0830 / 1.0810
If an upward trend emerges, resistance levels to monitor are:
Resistance Levels: 1.0910 / 1.0940 / 1.0970
 

NAS100 Technical Analysis

The NASDAQ 100 futures index is trading below 20,000 this morning with a bearish outlook.
If the downtrend continues, key support levels are:

Support Levels: 19,290 / 19,140 / 18,990
In case of a recovery, resistance levels to watch are:
Resistance Levels: 19,605 / 19,765 / 19,915
 

UKOIL Technical Analysis

UKOIL is trading above $70 per barrel but is experiencing a bearish trend this morning.
If the downward movement persists, crucial support levels are:

Support Levels: 70.40 / 69.90 / 69.40
If prices recover, resistance levels to watch are:
Resistance Levels: 71.40 / 71.90 / 72.40