GOLD TECHS: Bulls Remain In The Driver’s Seat
* RES 4: $3600.0 - Round number resistance * RES 3: $3578.0 - 2.000 proj of the Dec 19 - Feb 24 - Fe...
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LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
| Date | Time | Country | Event |
| 26-Mar | 745 | FR | Consumer Sentiment |
| 26-Mar | 800 | ES | GDP (f) |
| 26-Mar | 1800 | EU | ECB's Cipollone in panel on Digital Finance |
| 27-Mar | 900 | EU | M3 |
| 27-Mar | FR | Insee publishes General Govt balance | |
| 27-Mar | 1300 | EU | ECB's De Guindos at 2025 IIF European Summit |
| 27-Mar | 1740 | EU | ECB's Schnabel lecture on MonPol Transmission |
| 27-Mar | 1805 | EU | ECB's Lagarde message for Women in Finance conference |
| 28-Mar | 700 | DE | GFK Consumer Climate |
| 28-Mar | 745 | FR | PPI / Consumer Spending / Flash HICP |
| 28-Mar | 800 | ES | HICP (p) |
| 28-Mar | 830 | EU | ECB de Guindos At Fed. of Female Professionals Conf |
| 28-Mar | 855 | DE | Unemployment |
| 28-Mar | 900 | IT | Business and Consumer confidence |
| 28-Mar | 900 | EU | ECB Consumer Expectations Survey |
| 28-Mar | 1000 | EU | Consumer Confidence, Industrial Sentiment |
| 28-Mar | 1100 | IT | PPI |
BOBL TECHS: (M5) Trading Closer To Its Recent Highs
- RES 4: 118.090 High Mar 5
- RES 3: 117.850 Low Feb 20
- RES 2: 117.645 50.0% retracement of the Feb 28 - Mar 6 sell-off
- RES 1: 117.460 High Mar 21
- PRICE: 117.210 @ 05:59 GMT Mar 26
- SUP 1: 116.800 Low Mar 17
- SUP 2: 116.470/250 Low Mar 12 / 6 and the bear trigger
- SUP 3: 116.309 3.618 proj of the minor Feb 28 - Mar 3 - 4 price swing
- SUP 4: 116.309 3.618 proj of the minor Feb 28 - Mar 3 - 4 price swing
Bobl futures are trading closer to their recent highs and remain in a short-term bull cycle - a correction. The recent trend condition was oversold and the move higher has allowed this set-up to unwind. The primary trend direction is down. Former support at 117.850, the Feb 20 low, was cleared on March 5, and the recent sell-off signals scope for an extension towards 116.000. Firm resistance to watch is seen at 117.850, the Feb 20 low.
EURUSD TECHS: Corrective Cycle
- RES 4: 1.1083 High Oct 2 2024
- RES 3: 1.1040 High Oct 4 2024
- RES 2: 1.0961 76.4% retracement of the Sep 25 ‘24 - Feb 3 bear leg
- RES 1: 1.0955 High Mar 18
- PRICE: 1.0787 @ 06:05 GMT Mar 26
- SUP 1: 1.0763 20-day EMA
- SUP 2: 1.0631 50-day EMA and a short-term pivot level
- SUP 3: 1.0471 Low Mar 4
- SUP 4: 1.0360 Low Feb 28 and a key support
EURUSD extends the pullback from its recent high. The move down is considered corrective and the trend condition is unchanged and remains bearish. Note that moving average studies are in a bull-mode position, highlighting a dominant uptrend. Sights are on 1.0961 next, a Fibonacci retracement. Clearance of this level would open 1.1040, the Oct 4 ‘24 high. First support to watch is 1.0763, the 20-day EMA.
