Gold Latest Market Trend Analysis: On August 14, gold market news analysis indicates that Asian session trading on Friday saw spot gold hovering around $4,360 per ounce. On Thursday, gold prices tested the $4,450 per ounce level again, but after the US PPI data met expectations, easing concerns about Fed rate hikes, investors took profits near the key resistance level of $4,500, leading to a final decline of over 1%. Gold fell 1.31% on Thursday, closing at $4,350.88 per ounce, after hitting its highest level since June 5 at $4,449.59 per ounce during the session. The US July Producer Price Index (PPI) was flat and in line with expectations, and Wednesday's CPI annual growth slowed to 3.4%, which alleviated market concerns about Fed rate hikes. However, investors chose to take profits near the key resistance level of $4,500.
Gold technical analysis shows that yesterday's price experienced a sharp rise and fall, with concentrated profit-taking by long positions at highs being the direct trigger. The session saw a high of $4,449 and a low of $4,343, closing at $4,349 with a long upper shadow and a substantial bearish candlestick, fully in line with adjustment expectations. On the daily chart, a single large bearish candlestick has formed a bearish K-line combination of two bearish candles encompassing one bullish candle, with bullish momentum rapidly declining. The short-term trend is expected to continue with further adjustments. The first resistance level above is $4,363‑$4,380, followed by strong resistance at $4,400. The primary support below is $4,312‑$4,300. If this support is effectively lost, the downside space will open, with the next target at $4,220.
On the four-hour chart, after the price broke through the upper Bollinger Band, it formed a long upper shadow doji, officially switching to an adjustment and bearish pattern. After breaking the key level of $4,363 in the evening, it accelerated downward by nearly $20, retracing near the lower line of the four-hour band. The current Asian session position at $4,336 is crucial. If it does not break this level, a technical correction rebound is expected. Once it effectively breaks and holds below this level, bearish momentum will continue to release. The one-hour chart has shifted from a rising trend to a volatile downward pattern, with resistance above at $4,347‑$4,363. The 30-minute cycle pressure aligns with the daily first resistance axis, concentrated in the $4,341‑$4,350 range, which is the core heavy resistance area for today's rebound. The overall short-term bias is toward adjustment, with a focus on the performance of the resistance zone during rebounds. In the Asian session, the key level to watch is $4,320. If it holds, a short-term repair is expected, and on a rebound encountering resistance, selling at highs is the strategy. If it directly breaks below $4,320, the next targets are support at $4,312‑$4,300, and if that fails, further down to $4,250. Strict position and risk management are required, with attention to the volatility amplification caused by news during the US session. In summary, the short-term trading strategy for gold today suggests prioritizing selling on rallies with buying on dips as a secondary approach. The key short-term resistance above is $4,365‑$4,390, while the key short-term support below is $4,300‑$4,270.
Crude Oil Latest Market Trend Analysis: In crude oil market news analysis, crude oil continued its weak performance during the Asian session on Friday, hovering near $80.90 per barrel, extending its decline for the third consecutive day. Previously, oil prices rose rapidly due to geopolitical supply risks, but as market sentiment shifted from focusing solely on supply disruptions to reassessing demand prospects, recent upward momentum has significantly weakened. On August 13, WTI settlement prices fell over 2% to $81.25 per barrel, while Brent crude dropped to around $87.07 per barrel, indicating that profit-taking at highs and fundamental concerns are simultaneously intensifying.
Crude oil technical analysis shows that on the daily chart, the moving average system is turning upward, and the medium-term bearish trend has changed. K-line patterns are continuously reversing upward, with strong bullish momentum. Although the current medium-term trend has not formed a new direction, the bearish trend has temporarily ended. The medium-term trend is expected to maintain a rebound rhythm during the day. In the short term (1-hour chart), crude oil is maintaining a range-based decline rhythm, with prices falling below the moving average system. The moving average system has not yet formed a bearish arrangement, and the short-term objective trend remains in a volatile pattern. The decline is relatively slow, with the overall rhythm appearing as a secondary pattern. It is expected that after a weak decline during the day, crude oil will still have a high probability of finding support and rebounding upward. In summary, the short-term trading strategy for crude oil today suggests prioritizing buying on dips with selling on rallies as a secondary approach. The key short-term resistance above is $83.5‑$84.5, while the key short-term support below is $80.0‑$79.0.
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