ALB Limited 05.04.2024

Precious Metals Retreat Ahead of Non-Farm Payrolls Data

XAUUSD - Gold Technical Analysis

Ounce Gold, which renewed its historical peak with the 2305 level seen yesterday, was subjected to selling pressure from the statements of Fed officials. It is seen that the retreat continues before the non-farm employment data to be announced in the USA today. If downward movements continue in Ons Gold, which follows a sellers' course in the morning hours, 2250 and 2235 dollars can be followed as support levels. In case of upward movements, 2265 and 2280 can be followed as short-term resistance levels.
 
Resistances: 2265 / 2280 / 2305
Supports: 2250 / 2235 / 2000
 

XAGUSD Technical Analysis

Ounce Silver, which moved in parallel with Ounce Gold this week, displayed a decline similar to the decline experienced on the gold side. In the precious metal, which carries the selling pressure experienced yesterday to today, eyes will be on the data flows from the USA. If the sharp retreat experienced in the morning hours of today continues in the rest of the day, 26.30 and 26.15 can be followed as support levels in Silver. In case of possible recovery trends, 26.75 and 26.95 can be followed as resistance levels.
 
Resistances: 26.75 / 26.95 / 27.15
Supports: 26.30 / 26.15 / 25.85
 

EUR/USD Technical Analysis

The pair, which continues to move inversely correlated with the dollar index, has a sellers' course in the morning hours. Technically, the pair, which is observed to be stuck between the 200-day and 100-day major averages, is expected to determine the direction in the face of data flows later in the day. Technically, the pair, which continues pricing movements near the 200-day exponential average, can be targeted as 1.0800 and 1.0780 support levels in downward breakdowns. In case of possible upward movements, 1.0850 and 1.0875 can be followed as resistance levels.
 
Resistances:  1.0850 / 1.0875 / 1.0900
Supports: 1.0800 / 1.0780 / 1.0760
 

NAS100 Technical Analysis

The Nas100 futures index contract, which broke the downward uptrend after yesterday's sharp sell-off and found support at the 50-day exponential average, has a buying trend in the morning hours. If the contract continues to rise, 18225 and 18385 can be monitored as resistance levels. If the retracements continue, 17900 and 17790 can be followed as support levels.
 
Resistances: 18225 / 18375 / 18500
Supports: 17900 / 17790 / 17540
 
 

UKOIL Technical Analysis

UKOIL, which continued to rise with the effect of geopolitical developments and supply cuts, broke the psychological threshold of $ 90 yesterday and reached 91.29, the highest level in recent times. If downward movements continue in UKOIL, which follows a slightly sellers course in the morning hours today, $ 90.70 and $ 90.40 can be monitored as support levels. In case of upward movements, 91.30 and 91.50 can be monitored as resistance levels.
 
Resistances: 91.30 / 91.50 / 91.70
Supports: 90.70 / 90.40 / 90.00

Tags: Technical Analysis, Analysis, Forex

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