【Morning Market Overview】
Spot gold prices maintained strong momentum on Tuesday, once again刷新ing a historical high to $3,703.10/oz before closing at $3,689.74/oz. The market remains in high-level consolidation ahead of the Fed meeting, with investors trading cautiously while awaiting clearer monetary policy direction.
【Core Factors Analysis】
- Monetary policy expectations dominate: Market attention is focused on the Fed's rate decision and policy statement to be released early Thursday (Beijing time). Any dovish signals could drive gold prices higher;
- Safe-haven demand provides solid support: Global trade environment and geopolitical uncertainties continue to underpin gold buying;
- Technical strength persists: Prices continue to hit new historical highs with the bullish structure intact, though short-term technical consolidation is needed.
【Morning Trading Strategy】
Gold (XAU/USD):
Trading range: $3,686.00 - $3,696.00
Strategy: Consider buying near support and selling near resistance within the range with light positions.
Breakout strategy:
- If it falls below $3,686.00, it may test support levels at $3,676.00 and $3,666.00. Consider short positions with stop loss set at $3,691.00.
- If it breaks above $3,696.00, it may test resistance levels at $3,706.00 and $3,716.00. Consider long positions with stop loss set at $3,691.00.
Silver (XAG/USD):
Trading range: $42.240 - $42.640
Strategy: Consider buying near support and selling near resistance within the range.
Breakout strategy:
- If it falls below $42.240, it may target $41.700 and $41.200. Consider short positions with stop loss set at $42.440.
- If it breaks above $42.640, it may target $43.100 and $43.500. Consider long positions with stop loss set at $42.440.
Risk warning: Trading involves unpredictable risks, including potential loss of principal. This analysis is for reference only and does not constitute direct investment advice. Investors should make independent judgments and decisions based on their risk tolerance.