Market evening summary

Spot gold stayed in a trading range during the Asian session. The day’s high was 3,647.00 USD/oz and the low was 3,626.52 USD/oz. It is now trading around 3,642.00 USD/oz. Bulls and bears are stuck at high levels and the market is waiting for new catalysts.

Key factors

- Policy expectations: Markets are watching Fed policy closely. Any policy signal could move prices.

- Safe-haven support: Global trade policy and geopolitical uncertainty continue to support precious metals.

- Technical consolidation: Gold is trading near record highs and is in a technical consolidation phase as the market builds directional momentum.

Evening trading strategy guide

Gold (XAU/USD)

- Range: 3,626.00 – 3,647.00 USD/oz

- Idea: Sell high and buy low inside the range. Use small position sizes.

Breakout rules:

- If price breaks below 3,626.00, the next supports are 3,616.00 and 3,606.00. Consider following the downward move with short positions. Stop loss at 3,631.00.

- If price breaks above 3,647.00, the next resistances are 3,657.00 and 3,667.00. Consider following the upward move with long positions. Stop loss at 3,642.00.

Silver (XAG/USD)

- Range: 41.980 – 42.350 USD/oz

- Idea: Sell high and buy low inside the range.

Breakout rules:

- If price breaks below 41.980, targets are 41.300 and 40.800. Consider following the downward move with short positions. Stop loss at 42.180.

- If price breaks above 42.350, targets are 42.700 and 43.200. Consider following the upward move with long positions. Stop loss at 42.150.

Risk warning

Markets are unpredictable and you can lose money. This information is for reference only and is not investment advice. Make your own decisions based on your risk tolerance.