Gold News — On May 15, the benchmark 10-year U.S. Treasury yield closed at 4.489%, while the policy-sensitive 2-year yield settled at 4.03%. As surging inflation prompted investors to reassess the Federal Reserve's interest rate path, spot gold extended its decline, hitting a low of $4,644.42 per ounce and ultimately closing down 0.78% at $4,652.46 per ounce. Spot silver saw a significant pullback, ending a seven-day winning streak with a 4.63% drop to close at $83.48 per ounce. International oil prices moved sideways; Iran reported that over 30 vessels had coordinated passage through the Strait of Hormuz since Wednesday evening. WTI crude oil found support near the $100 level, closing up 0.96% at $102.04 per barrel, while Brent crude rose 0.75% to settle at $103.87 per barrel.
Latest Gold Market Trends — The gold market opened yesterday at $4,692.4 per ounce. It initially rose to $4,707 per ounce before quickly retreating to $4,667.6. A strong rally then pushed prices to a daily high of $4,719.2, followed by a sharp decline toward the session's close, reaching a low of $4,643.7. After consolidation, the market settled at $4,650.5, forming a daily candlestick with a long upper shadow, indicating bearish pressure. In summary, gold is experiencing a downward breakout from consolidation, with bearish momentum likely to persist. Today's strategy favors selling on rallies, with resistance watched at $4,660-$4,685 and support at $4,550-$4,510.
Latest Crude Oil Market Trends — The U.S. crude oil market opened yesterday at $101.06 per barrel. After an initial rise to a daily high of $102.35, prices retreated sharply to a low of $99.31, then staged a strong rally into the close, settling at $102.03. The daily candlestick formed a hammer with a long lower shadow, suggesting potential for further upward movement. In summary, crude oil is consolidating at elevated levels with a likelihood of continuation. Today's approach prioritizes buying on dips, supplemented by selling at highs. Watch resistance at $103.5-$105.5 and support at $101.1-$100.0.
Latest Nasdaq Index Trends — The Nasdaq Index opened yesterday at 29,423.03. After a modest rise to 29,588.36, it retreated quickly to a daily low of 29,332.65, then rallied sharply into the close, reaching a high of 29,678.74 before settling at 29,572.93. The daily candlestick closed as a small bullish candle with a slightly longer upper shadow, indicating continued upward momentum. In summary, the Nasdaq has posted consecutive gains, forming a pattern of breaking out from consolidation. As long as support holds, further upside is likely. Today's strategy favors buying on dips, with selling positions to be considered upon signal confirmation. Watch resistance at 29,900-30,000 and support at 29,300-29,100.
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