ALB Limited 22.05.2024

Calm Course Ahead of FOMC Meeting Minutes

XAUUSD - Gold Technical Analysis

Ons Gold, which reached an all-time high price of $ 2449 on Monday, is trying to digest pricing movements. The FOMC Meeting Minutes to be announced today may be decisive in terms of pricing movements for the precious metal, which maintains its strong stance despite the statements of FED members on combating inflation and the possibility of reducing interest rate cut expectations from 3 to 2 at the end of the year. If downward movements continue in Ons Gold, which follows a sellers' course in the morning hours, $ 2400, which is a critical threshold, can be followed as a support level. In case of upward movements, 2430 and 2450 can be followed as resistance levels.

Resistances: 2430 / 2450 / 2480
Supports: 2400 / 2390 / 2380
 

XAGUSD Technical Analysis

Ons Silver, which saw the highest level of the last 11 years with the level of 32.50 dollars at the beginning of the week, was subjected to sales pressure in the upward peak renewal attempt during the week. The precious metal, which rose to 32.48 yesterday, closed the day in the positive pricing zone despite the sale it ate from here. Similar to Ons Gold, FOMC Meeting Minutes may be decisive in pricing movements for silver, which follows a selling course in the morning hours today. For the precious metal, 31.45 and 31.15 can be followed as support levels in case of a selling trend in the continuation of the day. In case of upward movements, 31.80 and 32.00 can be followed as resistance levels.

Resistances: 31.80 / 32.00 / 32.15
Supports: 32.00 / 31.60 / 31.25
 

EUR/USD Technical Analysis

The calm course continues in the pair. As a result of the balancing in pricing movements after the data announced last week, it is seen that the 1.0800 level is the support zone in the pair. The weakness in data flows in the pair, which has not lost its strength despite the recovery in the dollar index, affects pricing movements. In case of upward movements in the pair, which follows a horizontal course in the morning hours, 1.0865 and 1.0885 can be followed as resistance levels. In retreats, 1.0845 and 1.0835 can be monitored as support levels in the short term. Balancing trends can be seen between 1.0800 and 1.0900 levels in the pair.

Resistances:  1.0865 / 1.0885 / 1.0900
Supports:  1.0845 / 1.0835 / 1.0820
 

NAS100 Technical Analysis

Despite the artificial intelligence bill approved in the EU, the NDVIA balance sheet to be announced today creates expectations on the Nasdaq side. The Nas100 futures index contract, which renewed its new historical peak yesterday, continues to search for a peak in the morning hours today. If the upward movements continue in the contract, which rose to $ 18822 in the morning hours today, 18890 and $ 19150 can be followed as resistance levels. In case of possible retracements, 18760 and 18630 can be monitored as support levels.

Resistances: 18890 / 19150 / 19300
Supports: 18760 / 18630 / 18490
 

UKOIL Technical Analysis

The slowing geopolitical developments on a global scale and the effects of growth and inflation data that did not meet expectations on the US side support the weak outlook and pricing movements in UKOIL. UKOIL, whose decline accelerated with the announcement of crude oil stocks announced yesterday in the USA above expectations and lost about 1 percent in value, starts today's morning hours with a sellers course. Technically, if the selling trend continues for UKOIL, which continues to be priced below its 200-day exponential average, $ 82.00 can be targeted as a support to follow. In case of a move below this price, 81.70 and 81.30 can be monitored as support levels. If recovery trends come to the agenda, 82.50 and 82.75 can be followed as resistance levels in the short term.

Resistances: 82.50 / 82.75 / 83.00
Supports: 82.00 / 81.70 / 81.30

Tags: Technical Analysis, Analysis, Forex

RISK PROBABILITY: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.40% of retail investor accounts lose money when trading CFDs with ALB Limited. These products may not be suitable for all investors. Please make sure that you fully understand the risks involved and seek independent advice if necessary. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The value of your investment may go down as well as up.

NEGATIVE BALANCE PROTECTION: Please see your rights here as a retail client.