Gold Market Update – On March 19, the benchmark 10-year U.S. Treasury yield closed at 4.265%, while the policy-sensitive 2-year Treasury yield settled at 3.779%. Spot gold fell below the 5,000 mark during European trading and continued to decline, dropping to around 4,800 dollars intraday—a plunge of nearly 200 dollars for the day. It ultimately closed down 3.73% at 4,818.59 dollars per ounce. Spot silver finished 4.89% lower at 75.32 dollars per ounce. Crude oil surged significantly due to threats from Iran's Revolutionary Guard to attack multiple energy facilities in the Middle East. WTI crude rose sharply during European hours and broke above 100 dollars during U.S. trading but failed to hold above that level, eventually settling up 3.97% at 99.57 dollars per barrel. Brent crude remained firmly above 100 dollars, closing 6.39% higher at 107.20 dollars per barrel.
Latest Gold Trend – Yesterday, the gold market broke below its trading range and fell sharply. It opened at 5,005.1 dollars per ounce in the early session, briefly rose to 5,016.8 dollars, then fluctuated lower. During U.S. trading, the price broke below the key support level of 4,966 dollars, accelerating the decline. The session low reached 4,805.6 dollars before closing at 4,818.4 dollars per ounce. The daily chart formed a large bearish candlestick with a slightly long upper shadow, confirming a breakdown of support. Today, the market continues to face downward pressure. In summary, after a period of consolidation, gold has broken lower, and the bearish trend is expected to continue. Today's trading strategy prioritizes selling on rebounds, with buying on dips as a secondary approach. Resistance is seen at 4,900–4,950 dollars, while support lies at 4,800–4,700 dollars.
Latest Crude Oil Trend – U.S. crude oil opened at 95.54 dollars per barrel yesterday, initially declined to a session low of 91.89 dollars, then staged a strong rally to a high of 100.32 dollars before consolidating. It finally settled at 99.31 dollars per barrel, forming a large bullish candlestick with a long lower shadow. This pattern suggests a continuation of upward momentum on any pullback today. In summary, crude oil has rebounded after consolidation and shows potential for further gains as long as key support holds. Today's strategy favors buying on dips, with selling on rallies as a secondary tactic. Resistance is expected at 100–102 dollars, while support is seen at 96.2–94.3 dollars.
Latest Nasdaq Index Trend – The Nasdaq Index opened at 24,866.88 dollars yesterday, climbed to an intraday high of 24,982.83 dollars, then faced strong selling pressure, dropping to a low of 24,333.12 dollars before closing at 24,383.1 dollars. The daily chart printed a large bearish candlestick with a long upper shadow, indicating a bearish engulfing pattern. In summary, the Nasdaq once again reversed lower after testing resistance, suggesting a high probability of continued decline if rebound momentum remains weak. Today's strategy focuses on selling on rallies, with buying on dips only after confirmation. Resistance is eyed at 24,508–24,750 dollars, while support lies at 24,300–24,000 dollars.
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