Gold Market News – On January 12, the benchmark 10-year U.S. Treasury yield settled at 4.1900%, while the more policy-sensitive 2-year Treasury yield closed at 3.5130%. Spurred by U.S. non-farm payrolls for December falling short of expectations and geopolitical uncertainties stirred by Trump, spot gold climbed back above $4500, ultimately closing up 0.70% at $4509.02 per ounce; spot silver finished the session up 3.81% at $79.90 per ounce. International oil prices rose 2% due to supply concerns exacerbated by escalating protests in Iran and the worsening Russia-Ukraine situation. WTI crude oil, after dipping over 1% intraday, eventually closed up 0.38% at $58.77 per barrel; Brent crude settled 0.51% higher at $63.01 per barrel.
Latest Gold Market Trend – Gold opened with a gap up today, showing a straight-line rally, indicating strong bullish momentum. After last week's market movements, the weekly chart printed a strong bullish candle; following a prior significant bearish candle, this subsequent strong bullish candle underscores robust buyer intent. This week, the key focus is whether the price can break through and sustain above the $4550 zone. From a short-term perspective, gold remains in a bullish drive. After finding a bottom and rebounding from the $4274 area, the bullish trend has gradually stabilized and advanced, establishing a secondary pullback support level around $4408. The pivotal level for bulls this week is around $4446, with immediate short-term support situated at $4503. In summary, according to Liu Changjing's analysis: Gold's gap-up opening and strong bullish pressure suggest a high probability of breaking previous highs. For today's trading strategy, consider initiating long positions on pullbacks as the primary approach, while waiting for opportunities to short at higher levels. Resistance above is watched at $4550-$4580, with support below monitored at $4515-$4505.
Latest Crude Oil Market Trend – Crude oil opened flat but moved higher today, with the trend favoring the bulls. On the weekly chart, after a period of back-and-forth consolidation, oil prices closed with a small bullish candle. Although it carries some upper shadow, there is a probability of breaking above the previous trading range. In the short-term trend, oil prices need to overcome the resistance above to advance further, with key resistance focused around the $60.5 zone. A decisive break above this level is needed to confirm a breakout from the bottoming pattern. Immediate short-term support is watched around $58.7, followed by a defensive level around $57.5. In summary: Crude oil has been oscillating within a range, but currently, there is a likelihood of the bullish trend extending further. For today's trading, prioritize establishing long positions on dips, with shorting at highs as a secondary strategy. Resistance above is monitored at $60.0-$60.5; a break above could lead to further gains. Support below is watched at $58.7-$57.0.
Latest Nasdaq Index Trend – The Nasdaq index opened flat and traded within a range today, once again encountering resistance after an upward move and pulling back. The key level to watch remains whether it can break through the 25760 zone. Technically, the momentum of the upward move shows signs of weakening, although the overall bullish alignment remains intact. Last week's strong bullish weekly candle broke above the high of the preceding large bearish candle, suggesting potential for further continuation. Short-term support is focused around 25632, with a more critical defensive support level at 25440. An unexpected break below this level would indicate a risk of the bullish trend failing. In summary: The Nasdaq index is currently in a bullish trend. For today's trading strategy, consider buying on pullbacks as the primary approach, while waiting for shorting opportunities at higher levels. Resistance above is watched at 25800-26000, with support below monitored at 25650-25550.
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