Market evening summary

Spot gold rose during the Asian session, reaching an intraday high of 3661.20 USD/oz and a low of 3632.32 USD/oz. It is currently trading around 3654.00 USD/oz. The market is still digesting the Fed decision and remains in a high-range consolidation.

Core drivers

- Policy expectations: The market is still digesting the Fed rate cut and remains cautious about the future policy path.

- Technical consolidation: Prices are oscillating near historical highs, which is a normal technical pullback.

- Safe-haven support: Global trade conditions and geopolitical uncertainty continue to support precious metals.

Evening trading strategy guidance

Gold (XAU/USD)

- Range: 3642.00 - 3661.00 USD

- Approach: Consider range trading (sell high, buy low) with light positions.

Breakout strategies:

- If price breaks below 3642.00, it may test 3632.00 and 3622.00. Consider following the trend with short positions; stop loss at 3647.00.

- If price breaks above 3661.00, it may test 3671.00 and 3681.00. Consider following the trend with long positions; stop loss at 3656.00.

Silver (XAG/USD)

- Range: 41.940 - 42.380 USD

- Approach: Range trading (sell high, buy low).

Breakout strategies:

- If price breaks below 41.940, targets are 41.400 and 41.100. Consider short positions; stop loss at 42.140.

- If price breaks above 42.380, targets are 42.700 and 43.100. Consider long positions; stop loss at 42.180.

Risk warning

Markets carry unpredictable risks, including but not limited to loss of capital. This analysis is for reference only and does not constitute direct investment advice. Investors should make independent decisions based on their own risk tolerance.