U.S. GDP Quarterly Data to Be Announced

XAUUSD – Gold Technical Analysis

Gold prices surged following U.S. President Donald Trump’s announcement of a 25% tariff on non-U.S.-made automobiles. As of this morning, the yellow metal is trading around $3,030. If the bullish trend continues, the $3,045 and $3,060 levels could act as resistance points. In case of a pullback, the $3,015 and $3,000 levels will serve as support.

Resistance Levels: 3,045 / 3,060 / 3,075
Support Levels: 3,015 / 3,000 / 2,985
 

XAGUSD – Silver Technical Analysis

Silver prices are showing a bullish trend in the early hours of the day. If the upward movement continues, the key resistance levels to watch are $33.90 and $34.10. In the event of a retracement, the $33.45 and $33.25 levels will serve as important support points.

Resistance Levels: 33.90 / 34.10 / 34.30
Support Levels: 33.45 / 33.25 / 33.05
 

EUR/USD Technical Analysis

The U.S. decision to impose a 25% additional tariff on automobile imports has raised concerns about global trade. This development could be a significant driver for the EUR/USD pair’s upward movement. Additionally, Germany’s announcement of a major fiscal spending plan has increased demand for the euro, contributing to the pair’s rise. From a technical perspective, the EUR/USD pair is trading bullish this morning. If the upward momentum continues, the resistance levels to watch are 1.0800 and 1.0830. In case of a pullback, 1.0750 and 1.0730 are key support levels.

Resistance Levels: 1.0800 / 1.0830 / 1.0860
Support Levels: 1.0750 / 1.0730 / 1.0710
 

NAS100 Technical Analysis

The futures index is showing a bullish trend this morning. If the upward momentum continues, 20,265 and 20,400 are key resistance levels to watch. If a pullback occurs, 19,995 and 19,860 will act as critical support levels.

Resistance Levels: 20,265 / 20,400 / 20,535
Support Levels: 19,995 / 19,860 / 19,725
 

UKOIL (Brent Crude) Technical Analysis

From a technical standpoint, Brent crude is exhibiting a bearish trend this morning. If the downward movement continues, 72.55 and 72.05 are key support levels to watch. If a recovery occurs, 73.65 and 74.20 will act as significant resistance levels.

Resistance Levels: 74.10 / 74.70 / 75.15
Support Levels: 73.15 / 72.65 / 72.05