Gold is down 1.02% at 4071.4 and silver 0.58% at 51.93 after London, both under their pivots. WTI and Brent stay above their pivots near 90.31 and 97.85 despite softer day moves. US cash indices still show yesterday's closes before the 18:30 Dubai open; S&P 500 futures are barely up at 7389.25 while Nasdaq futures rebound 1.33% at 27106.5. Non Farm Payrolls at 17:30 Dubai time (forecast 65K) are the main risk before the open.
New York ·
Gold is at 4071.4, down 1.02%, below the pivot 4112.1 and MA20 (4080.54), and far under MA50 (4230.35). RSI 46.9 is soft. The London range so far is 4059.6 to 4090.7. An Investing.com headline notes gold is on track for a weekly rise amid AI jitters with the US jobs report ahead; another notes Goldman lowered its year-end gold forecast on a hawkish Fed shift. Front-month futures can distort around contract rolls.
What to watch: Whether 4068.4 holds into Non Farm Payrolls at 17:30 Dubai time and the New York open at 18:30; ATR of 87.02 points to wide swings. Michigan Consumer Sentiment at 19:00 Dubai time is a secondary risk.
Scenario: If gold stays below 4080.54, next are 4068.4 then 4044.5; a reclaim of 4112.1 would ease the pressure toward 4116.2.
R: 4080.54 / 4112.1 · P: 4112.1 · S: 4068.4 / 4044.5
Silver is at 51.93, down 0.58%, under the pivot 52.284 and well below MA20 (54.45). RSI 37.9 remains weak. The London range so far is 51.59 to 52.225.
What to watch: Reaction around S1 near 51.619 and today's low of 51.2 ahead of the 17:30 Dubai labour data.
Scenario: A break below 51.619 would open 51.2 then 51.004; back above 52.284, 52.899 is the next check.
R: 52.225 / 52.284 · P: 52.284 · S: 51.619 / 51.2
WTI is at 90.31, down 0.23% on the day, still above the pivot 89.5 but well below MA20 (97.99) and MA50 (95.46). RSI 41.5 is mild. The London range so far is 89.07 to 91.14. Front-month quotes can distort around contract rolls.
What to watch: Whether 89.07 holds through Non Farm Payrolls at 17:30 Dubai time and whether price can retest 91.14 into the New York open.
Scenario: If 89.07 holds, a break of 91.14 opens 92.34 then 92.53; below 87.67 weakens the structure toward 84.83.
R: 91.14 / 92.34 · P: 89.5 · S: 89.07 / 87.67
Brent is at 97.85, down 0.45%, above the pivot 96.99 though still under MA20 (108.39) and MA50 (104.19). RSI 38.9 is soft. London traded 96.65 to 99.05.
What to watch: Whether price holds above 96.65 and can retest 99.05 after the 17:30 Dubai payrolls print.
Scenario: Above 99.05 the next level is 100.55 then 100.92; below 96.65, 94.74 comes into view.
R: 99.05 / 100.55 · P: 96.99 · S: 96.65 / 94.74
The cash S&P 500 still shows yesterday's close of 7353.73, down 4.36%, below the pivot 7461.79 and well under MA20 (7679.54). RSI 33.5 is weak. Cash is not open yet; S&P 500 futures (ES) are at 7389.25, up only 0.08%, and still below the ES pivot 7489.25 after the Wall Street sell-off.
What to watch: The open at 18:30 Dubai time versus 7353.73, and the reaction to Non Farm Payrolls (forecast 65K) and the Unemployment Rate (forecast 4.2%) at 17:30 Dubai time.
Scenario: If the index holds above 7242.29, a reclaim of 7461.79 opens 7573.23; a slip below 7242.29 would bring 7130.85 into view.
R: 7461.79 / 7573.23 · P: 7461.79 · S: 7242.29 / 7130.85
The Nasdaq 100 shows yesterday's close of 26629.81, down 6.36%, below the pivot 27104.81 and far under MA20 (29285.6). RSI 27 is deeply soft. Cash is not open yet; Nasdaq futures (NQ) are at 27106.5, up 1.33%, near the cash pivot but still below the NQ pivot 27330.17, so the rebound is early.
What to watch: Whether the index can reclaim 27104.81 after the open, and how tech reacts to the 17:30 Dubai labour data amid AI jitters noted in the gold headline.
Scenario: Above 27104.81 the next level is 27603.19; below 26131.43 the next support is 25633.05.
R: 27104.81 / 27603.19 · P: 27104.81 · S: 26131.43 / 25633.05
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 ·
