Market morning summary

Spot gold stayed in a high consolidation on Wednesday. The day’s high was 3,657.63 USD/oz, the low was 3,620.18 USD/oz, and it closed at 3,640.60 USD/oz. This morning gold is trading around 3,641.00 USD/oz near the record-high zone.

Key factors

- Policy expectations: Market bets on a Fed policy shift continue to support gold.

- Safe-haven demand: Global trade tensions and geopolitical risks keep gold as a key hedge.

- Technical consolidation: After hitting record highs, price is consolidating; the overall uptrend has not changed.

Morning trading strategy guide

Gold (XAU/USD)

- Range: 3,634.00 – 3,650.00 USD/oz

- Idea: Sell high and buy low inside the range. Use light positions and be cautious.

Breakout rules:

- If price breaks below 3,634.00, look for support at 3,624.00 and 3,614.00. Consider following the down move with short positions. Stop loss: 3,639.00.

- If price breaks above 3,650.00, look for resistance at 3,660.00 and 3,670.00. Consider following the up move with long positions. Stop loss: 3,645.00.

Silver (XAG/USD)

- Range: 40.950 – 41.280 USD/oz

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

Breakout rules:

- If price breaks below 40.950, targets are 40.300 and 39.800. Consider following the down move with short positions. Stop loss: 41.150.

- If price breaks above 41.280, targets are 41.600 and 41.900. Consider following the up move with long positions. Stop loss: 41.080.

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.