Gold is down 1.32% near 4059.4 after Asia, while WTI and Brent stay above their pivots. FTSE 100 and DAX 40 still show yesterday's closes until London opens at 12:00 Dubai time. US Non Farm Payrolls at 17:30 Dubai time (forecast 65K) are the main risk after the Wall Street sell-off.
London ·
Gold is at 4059.4, down 1.32%, below the pivot 4112.1 and MA20 (4079.94), and far under MA50 (4230.11). RSI 46.1 is soft. An Investing.com headline notes gold fell below 4050 as the dollar rebounded after the post-election rally; front-month futures can distort around contract rolls.
What to watch: Asia range of 4044.5 to 4116.2 and whether 4044.5 holds into the London open at 12:00 Dubai time; ATR of 87.02 points to wide swings. US Non Farm Payrolls at 17:30 Dubai time are the main risk.
Scenario: If gold stays below 4068.4, next are 4044.5 then 4023.3; a reclaim of 4112.1 would ease the pressure toward 4116.2.
R: 4068.4 / 4112.1 · P: 4112.1 · S: 4044.5 / 4023.3
Silver is at 51.625, down 1.16%, under the pivot 52.284 and well below MA20 (54.435). RSI 37.2 remains weak after the Asia low of 51.23.
What to watch: The Asia range of 51.23 to 52.18 and reaction around S1 near 51.619.
Scenario: A break below 51.2 would open 51.004; back above 52.284, 52.899 is the next check.
R: 52.18 / 52.284 · P: 52.284 · S: 51.2 / 51.004
WTI is at 91.42, up 0.99%, above the pivot 89.5 but still below MA20 (98.04) and MA50 (95.48). RSI 43.2 is mild. Front-month quotes can distort around contract rolls.
What to watch: The Asia range of 90.89 to 91.8 and today's high of 92.53 ahead of NFP at 17:30 Dubai time.
Scenario: If 90.89 holds, a break of 92.34 opens 92.53 then 94.17; below 87.67 weakens the rebound toward 84.83.
R: 92.34 / 92.53 · P: 89.5 · S: 90.89 / 87.67
Brent is at 99.66, up 1.39%, above the pivot 96.99 though still under MA20 (108.48) and MA50 (104.23). RSI 41.4 is soft relative to the bounce. Asia traded 98.86 to 100.
What to watch: Whether price holds above 98.86 and tests R1 at 100.55 into London.
Scenario: Above 100.55 the next level is 100.92 then 102.8; below 98.86, 94.74 comes into view.
R: 100.55 / 100.92 · P: 96.99 · S: 98.86 / 94.74
The DAX 40 price is the previous close of 26325.01, down 0.43%, just under the pivot 26413.75 but still above MA20 (25596.16). RSI 62.3 is firm. There is no live cash print before the open at 12:00 Dubai time; US futures (ES +0.07%) are only slightly firmer after yesterday's Wall Street sell-off.
What to watch: The opening level against 26325.01, then EU Retail Sales at 14:00 Dubai time and US payrolls at 17:30.
Scenario: Above 26413.75 the next levels are 26604.16 then 26692.9; below 26223.34, 26134.6 is next.
R: 26413.75 / 26604.16 · P: 26413.75 · S: 26223.34 / 26134.6
The FTSE 100 price is the previous close of 10782.66, down 0.43%, below the pivot 10833.8 but above MA20 (10729.19). RSI 54.5 is mild. Cash FTSE has not opened yet. A CNBC headline notes the Bank of England hiked rates for the first time since the Iran war and warned inflation will near 5%.
What to watch: The open at 12:00 Dubai time versus 10782.66, then Non Farm Payrolls at 17:30 Dubai time (forecast 65K).
Scenario: If the index holds above 10770.5, 10833.8 then 10897.1 come into view; below 10719.4, 10656.1 is support.
R: 10833.8 / 10897.1 · P: 10833.8 · S: 10770.5 / 10719.4
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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