GOLD Spot
Gold came under pressure again and erased exactly 38.2% of 1728/1753 recovery, after gains failed to break above this Fibonacci /trendline barrier. Fresh weakness turns hourly structure negative again, with larger picture maintaining bearish tone and keeping the downside favored. Fresh weakness below 1738, to re-focus 1728 initially, ahead of our near-term target at 1717, Fib 38.2% of 1590/1795 rally and possible extension towards psychological 1700 support, where the end of current wave 5 from 1753, is projected.
Res: 1742, 1747, 1753, 1756
Sup: 1738, 1734, 1728, 1717
SILVER Spot
Bears take control of near-term price action, after corrective bounce from 32.53, 15 Oct low, stalled at 33.27, near Fib 38.2% of 34.33/32.53 downleg and previous low of 26 Sep. Fresh weakness to 32.71 so far, threatens of full retracement of near-term recovery and possible resumption of downtrend from 35.36, 01 Oct high, with loss of 32.53 to expose 32.30, daily Ichimoku cloud top, also near Fib 38.2% of 27.50/35.36 and psychological 32.00 level on a break. Bearish MA’s crossover at 33.08, reinforces upside barriers. Only lift above 33.27/34 would provide temporary relief.
Res: 33.00, 33.27, 33.34, 33.43
Sup: 32.71, 32.53, 32.36, 32.00 
CRUDE OIL (Nov)
Oil price loses traction, failing to regain congestion tops above 93.00 and complete inverted H&S patter. Fresh slide retraces near 76.4% of 89.78/92.83 ascend, after dipping to session low at 90.65, where daily Ichimoku cloud base and 90 day MA, contained dips for now. Near-term focus shifts towards the downside, as hourly studies moved into negative territory and 4h char indicators attempting below their midlines. Extension below 90.00 and 89.78 is required to confirm bears and open way towards 89.28/00, 09 Oct / 26 Sep lows.
Res: 91.34, 91.54, 91.85, 92.00
Sup 90.65, 90.00, 89.78, 89.28
