Market Prep, Commodities Report

$GLD $SLV $USO $URA

Happy Thanksgiving!

We’re truly grateful for each and every one of you who take the time to read our newsletter. Your support and trust mean the world to us. Without this incredible community, we wouldn’t be here — and we’re more committed than ever to delivering the highest-quality market analysis, and trade ideas to help you succeed in the markets.

Keeping it brief today, we’ll look at commodity levels (gold, silver, oil, uranium) + precise SPX levels to watch heading into the shortened session tomorrow.

• Friday Evening: Full Weekly Crypto Report – top coins, on-chain flows, positioning, and trade setups.

• Sunday Evening: Big-picture Macro Report – deep dive into emerging markets, global liquidity, plus our highest-conviction trade ideas combining order-flow and technicals.

Let’s begin!

GOLD - GLD 0.00%↑

TA: Gold is pausing after its massive rally this year. Overhead supply sits at $390 and $400, which also happens to be our near-term target.

Trade Setups:

• Breakout trigger: ~$383

• Stop: $376–$377

• Target: ~$400

This gives us a high-probability, short-term 2.7R trade with good risk/reward. If volume remains strong on the push through $400, it could fuel the next leg higher.

The chart shows the net vanna exposure, which reflects how market makers react to price changes across both call and put strikes. Most of the implied-volatility exposure now sits OTM around $400 and $420. With the Fed expected to cut rates and end QT, traders are continuing to accumulate positions. In our last update, the target was $380 — the new target is $400.

SILVER - SLV 0.00%↑