Gold Market Information — On January 19th, the benchmark 10-year US Treasury yield settled at 4.227%, while the policy-sensitive 2-year yield closed at 3.592%. Investors engaged in profit-taking following recent highs in gold prices, and signs of easing geopolitical tensions further diminished gold's safe-haven appeal. Spot gold ultimately settled down 0.43% at $4,595.03 per ounce; spot silver finished the session down 2.3% at $90.08 per ounce. Although the likelihood of a US strike on Iran has diminished, underlying political risks in Iran persist. WTI crude oil ultimately closed up 0.12% at $59.23 per barrel; Brent crude oil settled up 0.52% at $64.21 per barrel.
Latest Gold Market Trend — The gold market opened higher last week at $4,520.9 per ounce, then pulled back to fill the gap, reaching a weekly low of $4,510.6 before staging a strong rally. The weekly high touched $4,643.8 per ounce, but prices retreated towards the session's close, ultimately settling for the week at $4,595.5 per ounce. The weekly chart formed a large bullish candle with a very long upper shadow. Following this pattern, the market this week shows continued demand for bullish positions. Comprehensive analysis summary: After a gap-up opening, gold has re-entered an upward channel. For today's trading, consider prioritizing long positions on pullbacks, with short positions as a secondary strategy. Resistance above is watched at $4,690-$4,720, while support below is seen at $4,640-$4,622.
Latest Crude Oil Market Trend — The US crude oil market opened higher last week at $59.11 per barrel, then pulled back to fill the gap, reaching $58.44 per barrel before a strong rally ensued. The weekly high touched $62.36 per barrel, but prices retreated significantly into the close, settling for the week at $59.35 per barrel. The weekly chart formed a shooting star candlestick with an extremely long upper shadow. This pattern suggests oil prices still have a probability of seeking support. Comprehensive analysis summary by Gao Bojing: Crude oil opened lower today and is hovering; monitor whether it finds a bottom and rebounds. For today's trading, consider prioritizing long positions, with short positions as a secondary strategy. Resistance above is watched at $59.4-$61.2, while support below is seen at $58.5-$57.3.
Latest Nasdaq Index Market Trend — The Nasdaq index market opened last week at 25,764.2 points, initially declined to a low of 25,460.5 points, then staged a strong rally to a weekly high of 25,880.55 points. Prices retreated into the close, hitting a weekly low of 25,255.39 points before consolidating, ultimately settling for the week at 25,524.68 points. The weekly chart formed a medium bearish candle with a very long lower shadow. This pattern indicates a probability of the Nasdaq facing pressure and pulling back. Comprehensive analysis summary: The lower open and subsequent decline suggest a potential break from the consolidation range. For today's trading, consider prioritizing short positions on rebounds, with long positions as a secondary strategy. Resistance above is watched at 25,593-25,700 points, while support below is seen at 25,160-25,000 points.
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