Gold is up 1.41% at 4130.6 and silver 1.05% at 52.665 after London. WTI and Brent are recovering on the day but still sit below their pivots after a sharp weekly slide. US cash indices still show yesterday's closes before the 18:30 Dubai open; S&P 500 futures are flat at 7725.25 while Nasdaq futures are down 0.91%. The Bank of England has already raised rates to 4%. Jobless claims and productivity at 17:30 Dubai time are the main risks before the open.
New York ·
Gold is at 4130.6, up 1.41%, above R1 4126.73 and MA20 (4088.64), still below MA50 (4242.55). RSI 51.2 is neutral to firm. An Investing.com headline notes gold gains amid a softer dollar and yields after the US midterms. The London range so far is 4125.8 to 4147.7.
What to watch: Whether price holds above 4126.73 into the New York open at 18:30 Dubai time, and the reaction to US jobless claims and productivity at 17:30.
Scenario: If gold holds above 4126.73, next are 4155.8 then 4180.47; a drop below 4088.64 would point back toward the pivot 4027.47.
R: 4155.8 / 4180.47 · P: 4027.47 · S: 4126.73 / 4088.64
Silver is at 52.665, up 1.05% and above the pivot 52.057, but still well below MA20 (54.908). RSI 40.2 remains soft, so the bounce is early. The London range so far is 52.455 to 52.945.
What to watch: The London low of 52.455 and today's high of 53.495.
Scenario: If 52.455 holds, a break of 53.495 opens 54.908; back below 52.12 weakens the rebound toward 52.057.
R: 53.495 / 54.908 · P: 52.057 · S: 52.455 / 52.12
WTI is at 89.45, up 1.51% on the day, yet still below the pivot 90.8 and well under MA20 (98.01) and MA50 (95.3). RSI 40 is soft. An Investing.com headline links a sharp weekly oil drop with lower German yields. Front-month quotes can distort around contract rolls.
What to watch: Whether the bounce can clear 90.8 after the London range of 87.62 to 89.84.
Scenario: A break below 87.62 would expose 86.65 then 84.45; a recovery above 90.8 would ease the pressure toward 94.47.
R: 89.84 / 90.8 · P: 90.8 · S: 87.62 / 86.65
Brent is at 96.93, up 2.44% on the day, but still under the pivot 97.63 and MA20 (108.67). RSI 37.2 is soft. MA50 at 104 sits well above price.
What to watch: The London range of 94.72 to 97.04 into the New York session.
Scenario: If Brent stays below 97.63, 94.72 then 93.44 are next; above 97.63 would open room toward 101.86.
R: 97.04 / 97.63 · P: 97.63 · S: 94.72 / 93.44
The cash S&P 500 shows yesterday's close of 7688.62, near the pivot 7680 and just under MA20 (7700.12). Cash is not open yet; S&P 500 futures are at 7725.25, up 0.06%, pointing to a steady open near first resistance. A Yahoo Finance headline notes Dow futures rising as techs fall.
What to watch: The open at 18:30 Dubai time and US jobless claims plus productivity at 17:30 (forecasts 196K and 2.8%).
Scenario: If the index holds above 7680, a break of 7724.19 opens 7759.76; a slip below 7644.43 would bring 7600.24 into view.
R: 7724.19 / 7759.76 · P: 7680 · S: 7644.43 / 7600.24
The Nasdaq 100 shows yesterday's close of 28437.17, below the pivot 28514.35 and well under MA20 (29490.4). RSI 38.5 is soft. Nasdaq futures are down 0.91% at 28306, so the open lacks a firm lead.
What to watch: Whether the index can reclaim 28514.35 after the open, and how tech reacts to the 17:30 labour data.
Scenario: Above 28514.35 the next level is 28752.48; below 28199.04 the next support is 27960.91.
R: 28514.35 / 28752.48 · P: 28514.35 · S: 28199.04 / 27960.91
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.
Invvex ·
