USA
President Trump's tariff-related decisions are ongoing. It has been reported that the US will impose import duties on one-kilogram gold bars. This decision has led to upward reactions in gold prices. It is also reported that Switzerland, the world's largest gold refining center, will be affected. This week's negotiations with the US failed to yield results, and the US will impose a high tariff on Switzerland. The gold-related decision is likely to have a negative impact on Switzerland. The impact of this gold-related decision should be closely monitored in the coming days. Following Trump's decision to impose tariffs on semiconductors and imported chips, exempting US-based manufacturing companies from these tariffs has boosted US companies such as Nvidia, Broadcom, and AMD. Trump may announce new decisions affecting other sectors to attract US investment. In the coming months, potential new announcements will also lead to further stock and sector-based divergences.

US-Russia Developments between the two countries remain uncertain. Although US and Russian officials held a meeting this week, nothing is yet clear. The deadline for Russia expires today, and the war with Ukraine is not over. News that US President Trump and the Russian President will meet is easing anxiety in the markets somewhat. Statements from the leaders today are important. If a meeting is held as soon as possible and news of an agreement is received, this will support risk appetite. However, uncertainty persists and negative statements from the leaders will put pressure on risk appetite. The relationship between the US and Russia is quite critical in this regard. Candidates for the Fed Chair are being discussed. C. Waller, currently the Fed Governor, is reportedly one of the strong candidates for the position. It has been reported that the Fed has decided to appoint S. Miran, who supports Trump's interest rate cuts, to replace Fed Governor Kugler, who resigned last week. The relationship between Trump and the Fed is quite delicate. While Trump continues to criticize Fed Chair Powell, his statement that he will not dismiss him is easing market anxiety. It appears that Trump's chosen candidates are likely supporters of interest rate cuts. Fed Chair Powell's term expires in May next year. Consequently, as the candidates are determined, market uncertainty is diminishing. Fed Chair Powell's continued tenure does not suppress risk appetite or cause market volatility. The Bank of England lowered its policy rate from 4.25 percent to 4 percent yesterday, in line with market expectations. The details in the decision note that the country has experienced significant disinflation over the last 2.5 years as a result of the implemented tight monetary policy, and as a result, the Bank has not cut interest rates in the last year.
It was stated that this supported the Bank to make more comfortable decisions regarding inflation. It was stated that recent developments have put pressure on inflation and that the Bank could take swift action against potential risks. The Bank of England began cutting interest rates in August last year and has maintained this policy for a year.

USAEarnings season continues in Turkey. Corporate earnings are due today. Stock and sector-based divergences are observed during the financial results period. This could lead to mixed trends in US indices. US stock markets closed mixed yesterday, while US futures are trading slightly higher this morning. European indices are experiencing mixed performance. Gold and oil prices are seeing limited gains. The calendar is quiet today. Fed members' speeches are available for viewing. US President Trump had a busy schedule this week, appearing in the markets with a new decision almost every day. News about Trump can be monitored today.

 

Brent 

Despite seeing declines towards the 65,80$ region this morning, it is trying to recover with reactions from this level. Brent crude, which is once again trading above the 66,00$ level, is at 67,50$.
The resistance is being monitored. Closing above this resistance will support the continuation of the rise. However, unless this resistance is overcome, it may cause the upward reactions to remain weak.
We are evaluating. Therefore, the resistance levels of 67.50$ - 67.84$ will be monitored first, then the resistance level of 68.20$ can be targeted above. In case of pullbacks, it will be below the support level of 66.46$.
At closing, support at 66.00$ will be on the agenda. Below this support, support at 65.60$ can be observed. Technical levels include;
Resistances: 67.50 – 67.84 – 68.20 – 68.64
Supports: 66.46 – 66.00 – 65.60 – 64.92

 

XAUUSD

Gold is maintaining its price above 3400$. Maintaining this trend supports the continuation of the rise. As the price of gold continues to rise, resistance levels of 3451$ and 3475$ are expected.
A break of these resistances will support technical strengthening. Above these resistances is the resistance of 3500$. In case of a possible pullback under the ounce, 3400$
While there is support, it is monitored as the support band 3372$ – 3352$ under this support. Recently, its rise above the 3400$ level and its persistence, in the pullbacks
It ensures that the price remains limited. Therefore, we believe that as long as the price continues above 3400$, it may maintain its upward potential. Technical levels include;
Resistances: 3451 – 3475 – 3500
Supports: 3400 – 3372 – 3352

 

S&P 500

Despite the contract's reactions above 6400 during the week, it failed to establish a lasting effect. Therefore, its performance above 6400 will be crucial in the coming period. The rise begins.
After closing above 6400, it will first bring resistance levels of 6435 and 6456 to the agenda. Staying below these resistances may cause difficulties in its rise, and may even cause a reversal.
Pullbacks can be expected. In case of a possible pullback, the 6331-6308 support levels will come into play below the 6370 level. Closing below these supports will cause the momentum loss to continue.
It can be. Technical levels;
Resistors: 6400 – 6435 – 6456 – 6470
Supports: 6370 – 6331 – 6308 – 6275

 

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