Market Recap on Monday — The benchmark 10-year U.S. Treasury yield slipped 4.2 basis points to close at 4.955%, while the policy-sensitive 2-year yield edged up 0.5 basis points to 4.757%. A strengthening U.S. dollar weighed on yield-free assets, dragging spot gold steadily lower throughout the day to settle down 0.79% at $4,343.73 per ounce, while spot silver finished 0.34% lower at $66.02 per ounce. Oil prices declined for a fourth consecutive session, supported by optimism that Saudi Arabia's damaged east-west crude pipeline could resume flows soon and by progress in U.S.-Iran negotiation efforts. WTI crude plunged 3.80% to $91.64 per barrel, and Brent crude settled 2.90% lower at $100.07 per barrel.
Gold Latest Trend Analysis — In yesterday's session, gold opened at $4,375 per ounce, briefly rallied to $4,383.7, then faced strong selling pressure and declined. The daily low reached $4,322.2 before consolidation, and the market closed at $4,342.9. The daily candlestick formed a medium bearish candle with a longer lower shadow, and this pattern suggests gold may face renewed volatility and test lower levels again in the near term.
Overall assessment: Gold remains in a pullback and adjustment phase. The upper resistance zone has not been breached, indicating a higher probability of renewed downside pressure. For today, focus on range-bound trading first, and only after a breakout can a trend-following move be considered. The strategy leans toward selling on bounces as the primary approach, with buying on dips as a secondary tactic. Key resistance is seen at $4,409-$4,460, while support lies at $4,322-$4,250.
Crude Oil Latest Trend Analysis — WTI crude opened slightly higher at $100.94 per barrel, initially climbed to $101.04, then reversed sharply lower. The daily low touched $95.2 before consolidation, and the session closed at $96. The daily chart printed a large bearish candle with a longer lower shadow, indicating that bearish momentum has been largely exhausted. Attention now turns to whether a stabilization signal emerges.
Overall assessment: After the earlier bullish push, crude oil is now in a pullback to seek support. Today could see stabilization and range-bound testing. The strategy favors placing long positions on dips as the primary approach, with shorting rallies as a secondary tactic. Resistance is seen at $94.8-$98.0, while support lies at $91.2-$88.5.
Nasdaq Index Latest Trend Analysis — The Nasdaq opened at 29,640.31, briefly dipped to 29,600.25, then rallied strongly to a daily high of 30,570.58. The index consolidated and closed at 30,477.11, forming a large bullish candle with a longer upper shadow. This pattern signals a return to bullish momentum after the recent stabilization.
Overall assessment: After consolidating and finding support, the Nasdaq is again accelerating higher. Today's focus is on whether the bullish move continues. The strategy favors buying on dips as the primary approach, with short-term shorting as a secondary tactic. Resistance is seen at 30,800-31,000, while support lies at 30,350-30,200.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Investors should operate at their own risk.
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