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Macro

• Gold prices declined on Thursday after the Federal Reserve kept interest rates on hold while offering little clarity on its path forward. The lack of explicit guidance left investors uncertain about potential rate hikes before year-end as they awaited upcoming inflation data.

• WTI crude oil slipped as market participants evaluated renewed diplomatic efforts to contain Middle Eastern hostilities. However, lingering concerns over potential U.S. military strikes on Iran and continued attacks on Saudi Arabia’s energy infrastructure limited losses, keeping prices near six-month highs.

• Copper futures retreated toward $6.60 per pound, snapping a four-day rally as traders locked in profits. Market sentiment for the industrial metal was further weighed down by disappointing corporate earnings results from Alphabet and Samsung.

Panel One

* 15-minute candlesticks for a rolling three-day period have been plotted.

* Blue horizontal line shows an open gap which could either be up or down (open-gap up: low of next candle does not overlap the high of the prior candle, and vice versa for an open-gap down). The horizontal line showing the gap will only appear if the price has not visited the gap area.

Panel Two

* Plots the Slow Stochastics study to identify overbought (90 and above) and oversold (20 and below) areas.

* Signals are generated when the fast line (black) crosses the slow line (blue).

Panel Three

* Plots the Fisher Transform study that helps identify extremes and makes turning points clearer.

* Red bands lie between +2 and +3 and can be thought of as an area where a peak could occur. Green bands lie between -2 and -3 and often mark bottoms.

Gold

SELL GOLD BELOW 142900 SL ABOVE 143800 TGT 141400/140600.

* Nearby Support: 1,42,900/ 1,41,000/ 1,39,000

* Nearby Resistance: 1,44,000/ 1,45,600/ 1,48,000

* Nearby Gaps: 1,43,000.

Silver

SELL SILVER BELOW 191000 SL ABOVE 194500 TGT 186000/182000

* Nearby Support: 1,91,000/ 1,86,000/ 1,81,000

* Nearby Resistance: 1,94,000/ 1,99,000/ 2,04,000

* Nearby Gaps: 1,94,000.

Crude Oil

SELL CRUDEOIL BELOW 9590 SL ABOVE 9680 TGT 9440/9360.

* Nearby Support: 9,590/ 9,430/ 9,300

* Nearby Resistance: 9,740/ 9,900/ 10,100

* Nearby Gap(s): 9,798.

Copper

SELL COPPER BELOW 1394 SL ABOVE 1403 TGT 1382/1375.

* Nearby Support: 1,394/ 1,383/ 1,374

* Nearby Resistance: 1,407/ 1,418/ 1,429

* Open Gap(s): NONE.

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