Market evening summary

Spot gold stayed strong today. After a short pullback in the Asian session, it rallied again and hit a new record high of $3,613.80/oz, with a low of $3,579.56/oz. It is currently trading around $3,613.00/oz. Silver also remains in a high-range consolidation.

Key factors

- Continued safe-haven demand: Ongoing global trade and geopolitical uncertainty continue to support precious metals.

- Monetary policy expectations: Markets are watching the Fed’s policy direction and its impact on the dollar and interest rates.

- Strong technical momentum: Gold keeps making new highs, showing bullish sentiment dominates, though short-term technical consolidation may occur.

Evening trading strategy guide

Gold (XAU/USD)

- Range: $3,605.00 – $3,614.00/oz

- Approach: Buy low and sell high within the range; trade quickly.

Breakout rules:

- If price falls below $3,605.00, targets are $3,595.00 and $3,585.00. Consider short positions following the move; stop loss at $3,610.00.

- If price breaks above $3,614.00, targets are $3,624.00 and $3,634.00. Consider long positions following the move; stop loss at $3,609.00.

Silver (XAG/USD)

- Range: $40.520 – $41.100

- Approach: Buy low and sell high within the range.

Breakout rules:

- If price falls below $40.520, targets are $40.000 and $39.500. Consider short positions; stop loss at $40.720.

- If price breaks above $41.100, targets are $41.300 and $41.700. Consider long positions; stop loss at $40.900.

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.