Market evening summary

Spot gold showed a spike then a pullback in the Asian session. The day’s high was 3,649.03 USD/oz and the low was 3,622.87 USD/oz. It is now trading around 3,630.00 USD/oz. The market is in a short-term high-level range and waiting for a clear direction.

Key factors

- Data-driven: US inflation data will be released tonight and could affect Fed expectations, so markets are cautious.

- Safe-haven demand: Global trade policy and geopolitical uncertainty continue to support gold.

- Technical consolidation: After new highs, gold is oscillating at high levels and needs a new catalyst to pick a direction.

Evening trading strategy guide

Gold (XAU/USD)

- Range: 3,622.00 – 3,638.00 USD/oz

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

Breakout rules:

- If price breaks below 3,622.00, it may test 3,612.00 and 3,602.00. Consider following the down move with short positions. Stop loss: 3,627.00.

- If price breaks above 3,638.00, it may test 3,648.00 and 3,658.00. Consider following the up move with long positions. Stop loss: 3,633.00.

Silver (XAG/USD)

- Range: 40.900 – 41.240 USD/oz

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

Breakout rules:

- If price breaks below 40.900, targets are 40.350 and 39.800. Consider following the down move with short positions. Stop loss: 41.100.

- If price breaks above 41.240, targets are 41.900 and 42.300. Consider following the up move with long positions. Stop loss: 41.040.

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.