Gold is up 1.55% near 4136.1 after Asia, while WTI and Brent stay soft below their pivots. FTSE 100 and DAX 40 still show yesterday's closes until London opens at 12:00 Dubai time. The Bank of England rate decision at 16:00 Dubai time (forecast 4%) is the main risk.
London ·
Gold is at 4136.1, up 1.55%, above R1 4126.73 and MA20 (4088.91), still below MA50 (4242.66). RSI 51.6 is neutral to firm. An Investing.com headline notes gold surged past 4130 as the dollar and yields tumbled after the US election.
What to watch: Whether price holds above 4126.73 after the Asia high of 4155.8; ATR of 86.88 points to wide swings.
Scenario: If gold holds above 4126.73, next are 4155.8 then 4180.47; below 4088.91 points toward the pivot 4027.47.
R: 4155.8 / 4180.47 · P: 4027.47 · S: 4126.73 / 4088.91
Silver is at 52.765, up 1.24% and above the pivot 52.057, but still well below MA20 (54.913). RSI 40.5 remains soft, so the bounce is early.
What to watch: The Asia range of 52.275 to 53.495 and MA20 at 54.913.
Scenario: If 52.275 holds, a break of 53.495 opens 54.913; back below 52.12 weakens the rebound toward 52.057.
R: 53.495 / 54.913 · P: 52.057 · S: 52.275 / 52.12
WTI is at 87.09, down 1.17%, below the pivot 90.8 and both MA20 (97.89) and MA50 (95.25). RSI 36.8 is weak. Front-month quotes can distort around contract rolls.
What to watch: The Asia range of 86.65 to 88.39 and any bounce toward 90.8.
Scenario: A break below 86.65 would expose 84.45; a recovery above 88.43 could extend toward 90.8.
R: 88.43 / 90.8 · P: 90.8 · S: 86.65 / 84.45
Brent is at 94.03, down 0.62%, under the pivot 97.63 and MA20 (108.52). RSI 32.8 is soft. MA50 at 103.95 sits well above price.
What to watch: The Asia range of 93.44 to 94.9 ahead of the London open.
Scenario: If Brent stays below 94.94, 93.44 then 90.39 are next; above 97.63 would ease the pressure.
R: 94.94 / 97.63 · P: 97.63 · S: 93.44 / 90.39
The DAX 40 price is the previous close of 26437.67, up 2.22%, above the pivot 26285.38 and MA20 (25520.26). RSI 64.8 is firm. There is no live cash print before the open at 12:00 Dubai time.
What to watch: The opening level against 26437.67 and reaction around the BoE decision at 16:00 Dubai time.
Scenario: Above 26693.93 the next level is 26950.2; below 26029.11, 25620.56 is next.
R: 26693.93 / 26950.2 · P: 26285.38 · S: 26029.11 / 25620.56
The FTSE 100 price is the previous close of 10829.21, up 1.79%, above the pivot 10772.97 and MA20 (10712.13). RSI 57.6 is mildly firm. Cash FTSE has not opened yet.
What to watch: The open at 12:00 Dubai time versus 10829.21, then UK Construction PMI at 13:30 and the BoE decision at 16:00 (forecast 4%).
Scenario: If the index holds above 10772.97, 10913.93 then 10998.67 come into view; below 10712.13, 10688.23 is support.
R: 10913.93 / 10998.67 · P: 10772.97 · S: 10712.13 / 10688.23
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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