ALB Limited 12.03.2025

U.S. Inflation Data to Be Released Today

XAUUSD – Gold Technical Analysis

Markets are currently focused on concerns about the U.S. economic slowdown and uncertainties created by Trump. During this period, U.S. 10-year bonds stand out as a safe haven, while gold appears to be searching for balance. Today's U.S. inflation data will be critical for the market.
From a technical perspective, gold is trading sideways in the morning session. On the downside, support levels to watch are $2900 and $2880. If an upward movement occurs, $2930 and $2945 will be key resistance levels.

Resistance Levels: 2930 / 2945 / 2955
Support Levels: 2900 / 2880 / 2865

 

XAGUSD – Silver Technical Analysis


Silver prices are showing a bearish trend this morning. If the downward movement continues, key support levels to monitor are $32.50 and $32.30. In case of a recovery, resistance levels to watch are $32.90 and $33.05.

Resistance Levels: 32.90 / 33.05 / 33.20
Support Levels: 32.50 / 32.30 / 32.10

 

EUR/USD Technical Analysis


Following U.S. President Donald Trump’s decision to postpone tariff increases on Canada and Mexico, the EUR/USD pair is experiencing a decline this morning.
Meanwhile, the Eurozone investor confidence index, Sentix, reached a 9-month high on Monday. Germany's potential increase in defense spending continues to support confidence.
In contrast, the U.S. economic outlook remains mixed. Trump's policies and weak data are fueling concerns about a slowdown, reviving expectations for interest rate cuts. Today's U.S. inflation data will be closely watched.
From a technical standpoint, the pair is trading lower this morning. If the downtrend continues, support levels to watch are 1.0870 and 1.0850. On the upside, resistance levels to watch are 1.0910 and 1.0930.

Resistance Levels: 1.0910 / 1.0930 / 1.0950
Support Levels: 1.0870 / 1.0850 / 1.0830

 

NAS100 Technical Analysis


Following Trump's statement that he does not foresee a recession in the U.S. economy, futures indices showed an upward movement this morning.
The NAS100 futures contract tested the 19500 level in the early hours. If the bullish momentum continues, key resistance levels to monitor are 19685 and 19835. On the downside, support levels to watch are 19275 and 19140.

Resistance Levels: 19685 / 19835 / 20000
Support Levels: 19275 / 19140 / 18975

 

UKOIL Technical Analysis


After an upward movement yesterday, UKOIL closed below $70 and is trading lower this morning.
If the decline continues, $69.30 and $68.65 will be key support levels. In case of a recovery, resistance levels to monitor are $70.40 and $70.90.

Resistance Levels: 70.40 / 70.90 / 71.40
Support Levels: 69.30 / 68.65 / 68.00

Tags: Technical Analysis, Analysis, Forex

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