Spot gold: On October 26, spot gold repeatedly contested the $4,000 mark, closing last Friday at around $3,997.8 per ounce after touching a low of near $3,975 during the session. The weekly candle closed as a large bearish bar, and pressure below $4,000 has clearly strengthened.
For early-session short-term trading, the approach can first be to treat the market as under pressure and consolidating, avoiding chasing longs on rebounds. The key remains whether price can reclaim and hold above $4,000. This week, close attention should be paid to the Federal Reserve interest rate decision, U.S. PCE data, and changes in the Middle East situation. Before these events land, the market is prone to rapid back-and-forth swings.
On the daily chart, gold has already broken below its previous consolidation range, short-term moving averages have turned downward, and the bearish structure has not yet been repaired. The 4-hour chart is similarly weak; if a rebound cannot effectively break through the $4,015–$4,035 zone, it should still be viewed as a pressured repair.
Key levels: resistance at $4,035–$4,070, support at $3,960–$3,930. Early-session trading ideas: aggressive short at $4,028 ±5, conservative short at $4,052 ±5, target $4,000 and hold if broken. Aggressive long at $3,968 ±5, conservative long at $3,940 ±5, target $4,050 and hold if broken. GOLD dividing line: $4,000 per ounce. The above is market logic deduction and does not constitute a guaranteed return promise; actual trading must be combined with live market rhythm and stop-loss execution.
U.S. crude oil: Crude oil pulled back after spiking higher. In early Asia-Pacific trading on Monday, WTI crude edged lower, trading around $102; Brent crude retreated to the $110–$111 area. Last Friday, WTI settled at about $103.27 per barrel, while Brent settled at about $116.72 per barrel, with the weekly chart still maintaining strength.
For early-session short-term trading, the approach can first be to view the market as consolidating at highs and avoiding chasing longs on spikes, with the focus on whether WTI can stabilize again in the $103–$105 area. This week, close attention should be paid to the Federal Reserve interest rate decision, U.S. PCE data, EIA inventories, and changes in the Middle East situation. During this data-heavy period, oil prices are prone to rapid back-and-forth swings.
WTI's daily chart still maintains a relatively strong structure, but after spiking higher last Friday and then pulling back, the short term has entered high-level consolidation. The 4-hour chart shows oil prices under pressure above $103; if they cannot stabilize again, there may be further pullbacks to confirm support.
Key levels: resistance at $104.0–$106.0, support at $100.0–$99.0. Early-session trading ideas: aggressive short at $103.5/$104.0, conservative short at $105.8/$106.3, target $101.5 and hold if broken. Aggressive long at $101.7/$101.2, conservative long at $100.5/$100.0, target $104.5 and hold if broken. WTI dividing line: $101.5 per barrel. Note: The above is market deduction and does not constitute a definitive buy or sell recommendation.
The above content is for reference only and does not constitute investment advice. Investors operating based on this do so at their own risk.
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