Gold rose 3.34% and silver 5.52% as the dollar index slipped 0.35% after headlines on the Democrats' midterm win, while WTI (-8.38%) and Brent (-8.66%) fell sharply. S&P 500 futures are up 1.81% ahead of Tokyo's open at 04:00 Dubai time. Australia's trade balance at 04:30 is the main data point.
Asia ·
Gold trades at 4072.2, up 3.34%, well above the pivot 3942.07 and back near MA20 (4089.92), though still under MA50 (4252.98). RSI 46.8 has recovered from weak levels. Investing.com headlines point to the best day since August as the dollar slid.
What to watch: Today's high of 4080.8 and MA20 overhead; the New York session low of 4038 below.
Scenario: If gold clears 4080.8, MA20 at 4089.92 is the next test; a slip under 4038 could bring 4019.67 back into view.
R: 4080.8 / 4089.92 · P: 3942.07 · S: 4038 / 4019.67
Silver gained 5.52% to 52.325, far above the pivot 49.377 but still below MA20 (55.239). RSI 38.9 remains on the soft side despite the bounce.
What to watch: Whether the rally holds near today's high of 52.495; ATR of 1.464 means wide swings are normal.
Scenario: Holding above 51.81 keeps room toward 55.239; below 51.81, the next support is 50.822.
R: 52.495 / 55.239 · P: 49.377 · S: 51.81 / 50.822
WTI dropped 8.38% to 88.04, below the pivot 96.17 and both MA20 (98.11) and MA50 (95.15). RSI 37.7 is weak. A Yahoo Finance headline links the slide to the midterm result.
What to watch: Today's low of 87.13 and any rebound toward 90.94; front-month quotes can be distorted around contract rolls.
Scenario: A break below 87.13 would expose 85; a recovery above 90.94 could extend toward 94.1.
R: 90.94 / 94.1 · P: 96.17 · S: 87.13 / 85
Brent fell 8.66% to 94.63, under the pivot 103.87 and MA50 (103.82), with RSI 33.4 close to oversold.
What to watch: The 93.43 low and how prices react after such a large daily move (ATR 4.82).
Scenario: If 93.43 gives way, 90 is the next round level; back above 97.46, the bounce could reach 100.53.
R: 97.46 / 100.53 · P: 103.87 · S: 93.43 / 90
The Nikkei 225 shows its last close of 62188.63 (-1.74%), below the pivot 63136.7 and MA20 (65683.48). The index has not opened yet, so these figures are stale until 04:00.
What to watch: How Tokyo reacts at the open to the firmer US futures and the softer yen backdrop.
Scenario: Above 62658.07 a recovery toward 63081.86 is possible; below 62000 the pressure could extend to 61500.
R: 62658.07 / 63081.86 · P: 63136.7 · S: 62000 / 61500
USD/JPY is at 158.391 (+0.3%), just above the pivot 158.08 and MA20 (157.923), with RSI 55.9 neutral, while the dollar index eased to 101.509.
What to watch: The New York session high of 158.67 and the low of 158.162.
Scenario: Above 158.67 the pair could stretch higher; a drop below 157.923 would point to 157.585.
R: 158.411 / 158.67 · P: 158.08 · S: 157.923 / 157.585
This post is general market commentary, not investment advice or a recommendation to buy or sell. It was prepared with automated tools from a data snapshot; prices may be delayed and levels can differ from your broker's quotes. Trading leveraged products carries a high risk of loss.
Invvex ·
