Core Viewpoint - The gold market is showing signs of a potential continuation of the bull trend, aiming for a record high of $4,550, but faces resistance from a trading range established by previous bearish activity [1]. Group 1: Bullish Indicators - A dynamic support for the bull trend was confirmed with a bounce off the 20-day average, indicating bullish behavior at a key trend indicator [2]. - The recent minor pullback after reaching a new record high showed support at the top trendline of a rising trend channel, suggesting improving bullish momentum [2]. Group 2: Price Targets - The first new high target zone for gold is identified between $4,664 and $4,713, with additional levels at $4,766 and $4,942, based on long-term measurements and extensions of previous corrections [3].

Core Viewpoint - The analysis indicates a potential for further price movements in gold, with significant support and resistance levels identified, suggesting a cautious outlook for investors. Group 1: Support and Trend Indicators - The 20-day average is currently at $4,314 and serves as a significant trend indicator, acting as dynamic support since November 10 [1] - Monday's low is marked as a potential support area, with three indicators suggesting it could lead to further strengthening, although there is a risk of a deeper correction [2] - A decisive breakdown below $4,303 could lead to testing support near the 50-day average at $4,172, with a prior weekly low at $4,170 further emphasizing this price area [3] Group 2: Resistance and Price Targets - Resistance for the bull trend was identified near two initial upside targets, with a 127.2% extension of the October correction at $4,516 and a 161.8% projected rising ABCD target at $4,578 [4] Group 3: Outlook and Recovery Potential - A recovery from the 20-day average towards new highs is favored unless there is a sustained decline below Monday's low, with a drop to the 50-day average indicating a weakening of the short-term bull trend [5]

Core Viewpoint - The recent price movements in gold indicate a potential for further upside, with key resistance and support levels identified for future price action [1][4]. Price Movements - An initial short-term upside target at the 127.2% Fibonacci extension of $4,516 was achieved, followed by a bearish intraday reversal and indecisive closing [1]. - The next projected target is at $4,578, with further price zones identified at $4,664 and $4,687, which are based on long-term extended measures [1]. Pullback Dynamics - The first pullback after reaching new record highs is crucial for assessing momentum, with key support at the 10-day moving average currently at $4,360 [2]. - A breakout above the prior trend high of $4,381 is expected to continue the bullish trend, with a shallower pullback indicating stronger demand [2]. Year-End Position - Gold is positioned to finish the year on a bullish note, with buyers in control and dynamic support tested leading to a bullish breakout [3]. Outlook - Gold's recent push to $4,526 met with indecision and mild selling, but a hold above the rising 10-day average and prior high favors continuation towards $4,578–$4,687 [4]. - A deeper weakness below $4,430 could risk a more significant pullback, although the larger bullish trend remains supportive [4].

Market Overview - Nifty Bank index opened higher at 59,402, up 0.4% from the previous close of 59,210, currently trading at 59,460 [1] - The advance/decline ratio is 10/2, indicating a bullish sentiment in the market [1] - IndusInd Bank and IDFC First Bank are the top gainers, up 1.4% and 1% respectively, while Bank of Baroda and State Bank of India are the only losers, down 0.25% and 0.15% [1] Private vs Public Sector Banks - Nifty Private Bank index is up nearly 0.7%, indicating that private banks are outperforming public sector banks, which are trading flat [2] Nifty Bank Futures - December expiry Nifty Bank futures opened at 59,610, up about 0.3% from the previous close of 59,496, currently trading at 59,715 [3] - The futures contract bounced off the support band of 59,000-59,150 and is facing resistance at 59,800 [3] Price Action and Predictions - If Nifty Bank futures breach the resistance at 59,800, it could rally to 60,200; however, if it slips, it may drop to 59,400 and 59,150 [4] - A drop below 59,000 is considered unlikely given the broader bullish trend [4] Trade Strategy - A buy strategy for Nifty Bank futures is recommended if it breaks out of 59,800, with a target of 60,200 and a stop-loss at 59,550 [5] - Support levels are identified at 59,400 and 59,150, while resistance levels are at 60,200 and 60,500 [5]

Core Viewpoint - The gold market remains in a bullish trend as long as it stays above the 20-day average, currently at $4,154, with a key resistance level at last week's high of $4,264 indicating potential for further upside [1][5] Group 1: Bullish Indicators - Sustained trading above the 20-day average suggests continuation of the bullish trend, with strong demand indicated by the 50-day average not being reached during recent pullbacks [1] - The recent correction in gold prices has been contained near the top of two rising trend channels, indicating market strength despite a failed breakout [3] Group 2: Support Levels - If gold prices drop below the 20-day average, the next key support level is the 50-day average at $4,097, which has not been tested since the August breakout [2] - A breach below the 50-day average would signal a bearish trend and risk a deeper correction in the near term [2] Group 3: Price Targets - A breakout above the swing high of $4,264 targets an initial measured move to $4,356, with further upside potential reaching $4,381 and a 127.2% measured move projection at $4,454 [4] - The overall outlook remains bullish as long as the 20-day average holds, with initial defense at the 50-day line and further support from the channel top and centerline [5]

Core Viewpoint - The Retail Sector ETF (XRT) is currently experiencing a bearish phase despite the broader market reaching new highs, indicating caution for investors in the retail sector [1][2][3]. Technical Analysis - XRT broke below the 50-day moving average (DMA) in early October, signaling potential weakness in the retail sector [1]. - As of late November, XRT is approaching the 200-DMA, which is a critical support level [4][6]. - On the weekly chart, XRT remains above the 50-week moving average, suggesting that the correction may be nearing its end [5]. - Momentum indicators show support at the 200-DMA, but a break below this level would warrant increased caution [7]. Long-term Trends - The price of XRT is currently above the 23-month moving average, indicating that the retail sector remains in a bull trend [10]. - Historical analysis shows that if the price remains above both the 23-month and 80-month moving averages, the market is in a strong secular bull cycle [16]. - A failure to hold above the 23-month moving average while still above the 80-month would signal a warning phase, similar to past mid-cycle corrections [16]. Market Sentiment - Buyers are still in control of the broader market, but short-term pressures from sellers or profit-taking are evident [11]. - The current environment is characterized as a "buy-the-dip in a long-term uptrend," provided that the ETF maintains its position above weekly and monthly support levels [12]. - If XRT can reclaim the 50-DMA, it may resume upward momentum [13].

Core Viewpoint - The recent decline in gold and silver prices is attributed to profit-taking after significant gains this year, raising concerns that the rallies may have entered bubble territory [1][10]. Precious Metals Market - Gold fell 2.9% to $4,004.26 per ounce, marking its largest intraday decline in over a dozen years, while silver dropped more than 2% to around $47.6 after a previous 7.1% fall [1][10]. - Analysts suggest that the selloff was triggered by substantial positioning in gold and silver futures, which had built up prior to the declines [6][10]. - Despite the pullback, long-term drivers such as central bank buying and expectations of monetary easing are expected to support prices [6][10]. Stock Market Dynamics - Global macro hedge funds and long-only strategies maintain the highest stock exposure in over a year, despite recent de-risking amid trade and credit concerns [5][10]. - The US government shutdown has created an economic data vacuum, yet investors view equity drawdowns as opportunities to add risk to their portfolios [5][10]. - The S&P 500 closed little changed, with US share futures edging lower, indicating a mixed sentiment in the stock market [2][10]. Broader Economic Context - A confluence of factors, including positive trade talks between China and the US, a stronger dollar, and the end of a seasonal buying spree in India, contributed to the decline in precious metals [8][10]. - The 30-year Treasury yield reached its lowest since early April, reflecting the impact of the ongoing US government shutdown [6][10]. - Oil prices rose following comments from President Trump regarding India's oil purchases from Russia and a decline in US inventories [7][10].

Market Trend Analysis - ETH is in a strong bull trend, indicating positive market momentum [1] - Market makers manipulate the orderbook for over leveraged liquidations, suggesting potential volatility [1] - The current situation is considered a usual bull market correction [1] Whale Accumulation - BlackRock's ETHA has purchased $14 billion worth of ETH, signaling aggressive accumulation by whales [1] Price Levels - The support level for ETH is $4240 [1] - The resistance level for ETH is $5000 [1] - A breakthrough of the $5000 level could lead to a surge towards $6000+ in a short period [1] - The possible range for ETH this month is between $3800 and $6000 [2]