Gold (-0.74%) and silver (-1.79%) extended their slide on a firmer dollar ahead of Tokyo's open at 04:00 Dubai time, while oil remained volatile after a sharp intraday swing in Brent. Nasdaq 100 futures are up 1.03% after the cash close, helped by tech earnings, as markets watch the US midterm elections. Australian household spending at 04:30 and China's services PMI at 05:45 are the session's data points.
Asia ·
Gold trades at 3940.2, just below the pivot 3946.47 and well under MA20 (4093.34) and MA50 (4265.43). RSI 34.4 is weak but not yet oversold. An Investing.com headline links the drop to a firmer dollar and strong US data.
What to watch: The New York session range of 3927.2 to 3959.2, and today's low of 3904.1 near S1 3912.13.
Scenario: If 3912.13 gives way, the next support is 3854.67; a recovery above 3946.47 would ease the pressure toward 4003.93.
R: 4003.93 / 4038.27 · P: 3946.47 · S: 3912.13 / 3854.67
Silver fell 1.79% to 49.81, below the pivot 50.58 and far below MA20 (55.628). RSI 28.3 is oversold, which can bring sharp rebounds.
What to watch: The New York session low of 49.42 and today's low of 48.62; above, the round 50 level.
Scenario: Below 48.62 selling could extend; a move back above 50.14 would open room toward 50.58 and 51.06.
R: 50.14 / 51.06 · P: 50.58 · S: 49.42 / 48.62
WTI is little changed at 96.76 (+0.31%) after a wide day between 93.6 and 98.82. It sits between MA50 (95.05) and the pivot 98.12, with RSI 48.7 neutral. OilPrice.com reports prices tumbled after US strikes on Iran were followed by talk of peace.
What to watch: Further headlines on Iran. ATR of 4.53 shows large daily swings; front-month quotes can be distorted around contract rolls.
Scenario: Holding above 98.12 would point to 101.09; a drop below 93.49 would expose 90.52.
R: 101.09 / 105.72 · P: 98.12 · S: 93.49 / 90.52
Brent trades at 104.42 (-0.33%) after a range of 100.8 to 107.21. It is below the pivot 106.81 and MA20 (109.36) but above MA50 (103.72), with RSI 44. OilPrice.com reports a $6 flash crash before a rebound toward $104.
What to watch: Whether MA50 at 103.72 holds in Asian hours, and S1 101.25 below.
Scenario: A break below 101.25 would target 97.72; a recovery above 106.81 would open the way to 110.34.
R: 110.34 / 115.9 · P: 106.81 · S: 101.25 / 97.72
The Nasdaq 100 closed at 28180.26 (+0.68%), close to the pivot 28191.22 but well below MA20 (29626.55), with RSI 34.8. Cash indices are closed; Nasdaq futures trade at 28416 (+1.03%) after AMD and Arista earnings, while CNBC reports Apple shares fell on memory costs.
What to watch: Whether futures hold their gains as US midterm election results come in.
Scenario: If the cash index opens above 28296.94, the next level is 28413.62; a drop below 28074.54 would point to 27968.82.
R: 28296.94 / 28413.62 · P: 28191.22 · S: 28074.54 / 27968.82
The latest Nikkei 225 close in the snapshot is 63081.86 from Monday 2 November (-0.33%), just below the pivot 63136.7 and under MA20 (65683.48). RSI 41.1 shows soft momentum. The index opens at 04:00 Dubai time, so live prices are not yet available.
What to watch: The opening reaction to firmer US tech futures, and China's services PMI at 05:45.
Scenario: Holding above 63136.7 would point to 63560.48; a slip below 62658.07 would bring 62234.29 into view.
R: 63560.48 / 64039.11 · P: 63136.7 · S: 62658.07 / 62234.29
This analysis is general market commentary for information only. It is not investment advice or a recommendation to buy or sell any instrument. Trading leveraged products such as forex and CFDs carries a high risk of losing money. Prepared with automated tools from a market data snapshot (Yahoo Finance prices, economic calendar, public news headlines); prices may be delayed.
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