Market evening brief

- Spot gold showed a V‑shaped move in the Asian session, hitting an intraday high of $3,672.00/oz and a low of $3,633.96/oz. It is currently trading around $3,658.00/oz. After the Fed decision the market has moved into a consolidation phase, with bulls and bears locked in a tug‑of‑war.

Core drivers

- Policy expectations being digested: markets are processing the Fed rate decision and there is still divergence over the future policy path.

- Technical consolidation: after making record highs, prices are undergoing a normal technical correction.

- Safe‑haven support: ongoing trade and geopolitical uncertainty continue to provide downside support for gold.

Evening trading strategy guidance

Gold (XAU/USD)

- Range: $3,633.00 – $3,660.00/oz

- Approach: consider range trading (sell near resistance, buy near support), use light position sizing.

Breakout rules:

- If price breaks below $3,633.00, look for further tests at $3,623.00 and $3,613.00. Consider trend‑following short positions with a stop loss at $3,638.00.

- If price breaks above $3,660.00, upside targets are $3,670.00 and $3,680.00. Consider trend‑following long positions with a stop loss at $3,655.00.

Silver (XAG/USD)

- Range: $41.150 – $41.880/oz

- Approach: range trading (sell near resistance, buy near support).

Breakout rules:

- If price breaks below $41.150, targets are $40.700 and $40.400. Consider short positions with a stop loss at $41.350.

- If price breaks above $41.880, upside targets are $42.300 and $42.800. Consider long positions with a stop loss at $41.680.

Risk warning

Trading markets carry unpredictable risks, including 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.