As the curtains rise on the financial market's latest performances, Monday's trading showed minimal volatility, with the trading environment characterized by slight oscillationsDuring the Asian and European trading sessions, a peak resistance level was established around 2665, followed by a decline in the US trading hours, dipping to 2648. This pattern aligns quite sagely with a strategy to short on reboundsHence, executing a sell order at the 2662 mark could have yielded some profitObserving the market's closing on Monday allows us to anticipate a similarly muted performance on Tuesday, likely confined to a gradual oscillation without significant shiftsIt appears prudent to adopt Monday's mindset and continue to engage in short positions during rebounds.

Silver, meanwhile, displayed a lack of pronounced movement, failing to reclaim the 30.7 level

Although it experienced a minor dip, the prevailing weakness did not extend further, leading to a detachment from any significant trading cuesIn contrast, oil prices showcased a slight retreat, falling from a high of 71.2, yet the decline was limitedTuesday's strategy maintains an optimistic outlook on oil, seeking to capitalize on support levels around 70 while keeping a bullish stance intact.

There is much anticipation surrounding the Federal Reserve, which is expected to announce a 25 basis point interest rate cut during a meeting spanning two days starting TuesdayPredictions place the likelihood of a quarter-point reduction near a staggering 97%. Additionally, Tuesday's economic indicators will feature the release of November's retail sales and industrial output figures, sparking optimism in the marketSuch positive data could yield pressure on gold prices, thereby meriting close observation from investors navigating these turbulent waters.

The dollar has been experiencing slight adjustments, hovering around the 106.5 mark without any major momentum

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Following the upcoming Federal Reserve interest rate decision this week, the dollar may indeed find its directionShould it continue to ascend, eyes would fixate on the 108 level, whereas a downturn could see testy moments at the 105.2 support zoneHence, the dollar doesn't require extensive analysis at this juncture; it seems we are looking at a phase of oscillation with a potential upward bias.

Gold prices on Monday fluctuated within the range of 2665 down to 2648, showcasing upward movements during the Asian and European trading hours, followed by declines in the US time zoneThe predominant trend leaned toward downward pressure; however, the lack of liquidity and external market triggers hampered extensive declines, resulting in a slower bearish trendGiven the minor volatility, the trajectory for Tuesday should align closely with Monday's action, forecasting a continued subdued decline under the lingering weakness

Technically speaking, a candlestick patterns confirmed an uncertain market sentiment, suggesting that the daily downtrend has not yet reached completion, with prices possibly aiming for the 2630 or even 2600 low points.

As such, irrespective of when the market experiences declines throughout the week, a significant downward movement appears imminentThe lower limit that traders watch is 2630, which is also seen as a potential pivotal point—should it hold firm, a rebound might be expected around Thursday with incoming data, while breaches would put the 2600 mark in focusThus, on Tuesday, the expectation is to remain under the 2665 ceiling and anticipate a gradual decline toward 2630, holding onto hopes of further directional clarity by midweek.

Spot silver had a quiet Monday, with a peak bounce near the 30.7 mark, closing around 30.5. Maintaining the previous bearish outlook, the trajectory remains downward, with expectations set on hitting levels around 30, and critically, 29.5, which stands as a robust support level over the past month

A pronounced downturn past 29.5 is the threshold for a stronger downward trend forecastTherefore, while silver shows weakness, it hasn't veered into a clear-cut singular downward movement, necessitating a wait-and-see approach for shorting opportunities on any noticeable rebounds.

The sell position arranged near 32.2 last week saw a takeaway profit realization at 30.5, and this week's rebound shorting points are stationed near 31. Should such bounce occur, preparations for shorting would remain paramount with attention directed at subsequent targets of 30 and 29.5.

On the oil front, Monday's movements were characterized by muted fluctuations, resting at a low of around 70.3. For Tuesday, the strategy mirrors the prior outlookIn the current state of affairs, the bullish trend in oil is expected to prevailProjections place potential highs around 73 or even 76 within the week