[Market Focus Analysis]
1. Nonfarm data revised down by a historic 911,000, boosting easing expectations
The U.S. Department of Labor's preliminary benchmark revision shows nonfarm payrolls for the 12 months through March were revised down by 911,000 (an average monthly drop of 76,000). The 0.6% revision is the largest annual downward revision on record. The revision far exceeded market expectations, confirming a clear weakening in U.S. jobs, raising concerns about the economy, and further strengthening market expectations for Fed rate cuts.
2. Doha airstrike sparks Middle East geopolitical risk, safe-haven demand jumps
The Israeli Defense Forces admitted to a "precision strike" on Doha, Qatar's capital, using more than 10 warplanes and dropping at least 10 munitions, targeting senior Hamas figures. The strike killed six people, including the son of Hamas chief negotiator Khalil al‑Hayya and some Qatari security personnel. The attack happened while Hamas was discussing a U.S. ceasefire proposal for Gaza. Israel's action shows little willingness to compromise, and the U.S., as Israel's backer, shares "joint responsibility." Netanyahu said the move could help end the war and accepted Trump's ceasefire suggestion, but geopolitical risk is unlikely to ease in the short term.
[Gold and Silver Technical Setup]
Gold
Daily: Closed at 3626.28 with a small bearish candle and long upper shadow. The bullish trend is not broken but differences have increased and a consolidation is needed.
Hourly: Price fell below the moving averages and may form a new mid-range structure; short-term bias is bearish consolidation.
Trade: On the 15-minute chart, buy on a dip near 3600.00 once it stabilizes. Take profit 3660.00, stop loss 3600.00.
Silver
Daily: Closed at 40.860 with a medium bearish candle. Bullish momentum has weakened and high-level oscillation continues.
Hourly: Moving-average signals have failed; watch support at the lower range around 40.400.
Trade: Buy near 40.400. Take profit 41.350, stop loss 40.400.
Risk warning: Trading markets contain unpredictable risks, including but not limited to loss of principal. This analysis is for reference only and does not constitute direct investment advice. Investors should make independent judgments and decisions based on their own risk tolerance.