Trial now
GBPUSD TECHS

Approaching Key Resistance

FED

Reverse Repo Operations, Moderating

US TSY OPTIONS

Broken Midcurve Call Fly

COMMODITIES

Oil Benchmarks Shrug Off Tanker Seizure Off UAE Coast

GOLD TECHS
GOLD TECHS: Looking For A Break Lower
*RES 4: $1572.2 - 1.618 projection of Oct 1 - Oct 3 rally from Oct 11 low
*RES 3: $1557.3 - Trend high Sep 4
*RES 2: $1535.8 - High Sep 24
*RES 1:$1519.8 - High Oct 3 and key near-term resistance
*PRICE: $1498.6 @ 07:14 BST Oct 31
*SUP 1: $1481.0 - Low Oct 30
*SUP 2: $1473.9 - Low Oct 11
*SUP 3: $1459.0 - Low Oct 1 and bear trigger
*SUP 4: $1436.8 - Low Aug 5
Overall, Gold remains bearish. Price action Oct 25 failed to develop into a more
a more meaningful recovery and stalled ahead of $1519.80. The price pattern on
this day was a doji candle suggesting the most recent recovery was a correction
and that the correction ended on Oct 25. Monday's sell-off confirmed this and
opens support at $1473.9, Oct 11 low. A break would target $1459.0. Clearance of
$1519.8 is needed to reinstate a bullish outlook.