XAUUSD VS. BTCUSD (4 HOUR)
XAUUSD: To build momentum off a higher low that would challenge 4039-82, 4000+ would be needed. if not, then look for 3950 to set the tone while trade is within 3900-4000.
BTCUSD: Trying to build momentum off a higher low as well but unless 78000 is established as support, upside will be limited.

Market Update: Indices (Weekly)
Bounces from above US500 7500 and just above NAS100 28000 giving indices a breather where both show 3 red weekly candles as a pattern to watch, especially after the midterms.
This suggests how they close the week will be more important than how it opens to see if this pattern is extended or holds, especially given the history how stocks have performed post-midterms.
In this regard, see our article,
Global view Will History Repeat and U.S. Stocks Rally After the Midterms?

Will the hope trade work this time around?
Hope Is Not a Trading Strategy: Understanding Hope Trades

Market Update: New month, new ball game
Hope trade back on?
EURUSD up (USD mixed): 1.12 pivotal after brief break of Friday’s 1.1225 high
NAS100 (stocks up): Hope for peace talks and hope Apple earnings will provide a lifeline today
XBRUSD: Weaker oil part of a hope trade
(Right click on any image (or chart) to open a full screen in a new tab)

Will History Repeat and U.S. Stocks Rally After the Midterms?
History strongly favors higher stock prices. However, investors face several headwinds that could complicate the outlook, including concerns about AI valuations, elevated oil prices, developments in the Gulf and the direction of U.S. Treasury yields. While the election may remove one source of uncertainty, it will not automatically remove the economic and financial pressures affecting markets. That leaves traders with a familiar challenge: weighing an impressive historical pattern against the conditions in front of them
.
Newsquawk Week Ahead In Focus 2nd-6th November 2026 Highlights include US Midterm Election, NFP, ISM PMIs, RBA, BoE and EZ CPI SEE DETAILED PREVIEWS

Can AI Trading Bots Improve Results or Make Losses Worse?
You enter a trade with a clear plan. You know why you are buying or selling, where your stop belongs and when you intend to take a profit. Then prices start flashing. The market moves against you and approaches your stop. You question your entry. Perhaps the direction was right but the timing was wrong. Price stalls, turns and returns to your entry point…. then what happens?

The One Word That Makes Markets Move: Failure
What is the one word that helps explain movements in the markets? Is it technicals? News? Momentum? Fundamentals? All of these influence prices. However, there is another way to look at market behavior that can help put the action into perspective

Market Update: Indices (Weekly CFD)
With stocks under pressure, metals and cryptos cratering, USD bouncing (EURUSD 1.1150 is again pivotal), it seems a search for liquidity or simply month end flows. Whatever the case, US500 is clinging to support above 7610 (below creates an outside week => bearish) and NAS100 trying to hold off a run at 28000. Going strictly by the weekly charts show next key levels around 7500 and 27000.

XAGUSD: Metals meltdown
XAGUSD $50 has a historic significance dating back to the 1980s and the move back to it makes it the pivotal lebvel to watch as it also stands midpoint in a potential $45-55 range. It is not clear whether the run out of riskier assets is driven by the risk off mood in stocks, month end or a need fror liquidty.


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