Gold News — On May 21st, the benchmark 10-year U.S. Treasury yield closed at 4.592%, while the 2-year U.S. Treasury yield, sensitive to Federal Reserve policy rates, settled at 4.066%. Spot gold reclaimed the $4,540 level, ultimately closing up 1.38% at $4,543.79 per ounce; spot silver finished up 2.92% at $75.85 per ounce. Investor hopes for an imminent U.S.-Iran deal were ignited, leading to a sharp decline in international oil prices. WTI crude oil ultimately closed down 4.73% at $102.53 per barrel; Brent crude closed down 4.97% at $105.48 per barrel.
Latest Gold Market Trends — The gold market opened yesterday at $4,483.3 per ounce. After an initial rise to $4,509.8 per ounce, prices quickly retreated, hitting a daily low of $4,453 per ounce. Following consolidation, prices surged strongly during the U.S. session, reaching a daily high of $4,553.4 per ounce before settling at $4,543.5 per ounce at the close. The daily candlestick formed a long lower shadow bullish candle. Despite this pattern, gold remains in a pressured technical formation. In summary, following consecutive declines, gold is currently trading within a range-bound adjustment phase. Today, focus will be on signs of resistance pressure at higher levels. The trading strategy favors selling on rallies as the primary approach, with buying on dips as secondary. Resistance is eyed at $4,580-$4,630, while support is watched at $4,510-$4,460.
Latest Crude Oil Market Trends — The U.S. crude oil market experienced a pullback yesterday. Opening at $107.6 per barrel, prices saw a minor uptick to $108 per barrel before strongly and steadily declining. The daily low was $100.4 per barrel, and prices eventually settled at $102.51 per barrel. The daily candlestick formed a long lower shadow bearish candle. This closing pattern indicates continued pressure on oil prices. Today's focus will be on whether the bearish momentum persists. In summary, after a sustained rally, crude oil has entered a correction phase, although the overall bullish outlook remains intact. Today's strategy prioritizes selling on rebounds, with buying on dips as a secondary tactic, awaiting a breakout. Resistance is monitored at $100.8-$103.0, with support at $97.5-$94.0.
Latest Nasdaq Index Trends — The Nasdaq Index opened yesterday at 28,825.28 points. After an initial dip to 28,700.67 points, it fluctuated and rose, touching a daily high of 29,350.08 points before consolidating to close at 29,196.23 points. The daily candlestick formed a bullish candle with equal upper and lower shadows. This closing pattern suggests the recent correction in the Nasdaq has likely concluded, with expectations for a new wave of upward movement. In summary, the Nasdaq is in a bullish trend. Following successive pullbacks, it has found support at a key level. Today's strategy prioritizes buying on dips, with selling on rallies as a secondary approach. Resistance is eyed at 29,600-29,900 points, while support is watched at 29,000-28,810 points.
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