Market morning summary

Spot gold dipped slightly on Thursday. The day’s high was 3,649.03 USD/oz, the low was 3,613.13 USD/oz, and it closed at 3,633.96 USD/oz. In this morning’s session gold is consolidating near the low and trading around 3,634.00 USD/oz. The market remains within the historic high zone.

Key factors

- Policy expectations: Fed policy outlook remains the main driver; any policy signals can trigger volatility.

- Safe-haven support: Global trade policy and geopolitical uncertainty continue to provide structural support for gold.

- Technical consolidation: After hitting record highs, prices have moved into a normal corrective range; the overall uptrend has not changed.

Morning trading strategy guide

Gold (XAU/USD)

- Range: 3,626.00 – 3,642.00 USD/oz

- Idea: sell high and buy low within the range; use light positions and be cautious.

Breakout rules:

- If price breaks below 3,626.00, look for tests at 3,616.00 and 3,606.00. Consider following the move with short positions. Stop loss at 3,631.00.

- If price breaks above 3,642.00, look for tests at 3,652.00 and 3,662.00. Consider following the move with long positions. Stop loss at 3,637.00.

Silver (XAG/USD)

- Range: 41.440 – 41.760 USD/oz

- Idea: sell high and buy low within the range.

Breakout rules:

- If price breaks below 41.440, targets are 41.000 and 40.700. Consider following the move with short positions. Stop loss at 41.640.

- If price breaks above 41.760, targets are 42.100 and 42.600. Consider following the move with long positions. Stop loss at 41.560.

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 personal risk tolerance.