01 November 2023 – 09:00 Central Euro Time

As Mid-East headlines fall a bit from above the fold, so too falling are the precious metals’ prices: both Gold and Silver are at present below their Neutral Zones for today; the other BEGOS Markets are within same, and volatility is light with the FOMC’s Policy Statement in the balance. By Market Profiles, Gold is testing its 1989 trading support, the next such level being 1963; for Silver, its key 23.00 level is being tested. Also by Market Trends, Gold’s “Baby Blues” have started to roll over to the downside, and moreover, those for Silver (in real-time) have provisionally dropped below their +80% level suggestive of lower prices near-term. The Econ Baro looks to October’s ADP employment data and ISM Index, plus September’s Construction spending.