【Morning Market Brief】
Last week, spot gold experienced a significant pullback after the Fed's rate cut expectations materialized. During the Asian and European sessions on Friday, it showed wide fluctuations, hitting a low of $3,632.32 per ounce. After the U.S. market opened, the price broke through the upper boundary of the fluctuation range, reaching a high of $3,685.47 per ounce, and ultimately closed near the day's high. In early trading this session, gold prices maintained consolidation at high levels and are currently trading around $3,690.00 per ounce.
【Analysis of Core Influencing Factors】
1. Continued Impact of Policy Expectations: The market continues to digest the Fed's monetary policy动向, with future policy directions remaining a key focus.
2. Sustained Technical Strength: Prices quickly rebounded after the pullback and reached a new weekly high, indicating that the bullish trend remains intact.
3. Geopolitical Risk Support: Global trade conditions and geopolitical uncertainties continue to provide support for safe-haven assets.
【Morning Trading Strategy Guidance】
Gold (XAU/USD):
- Fluctuation Range: $3,680.00 - $3,692.00
- Trading Approach: Consider buying low and selling high within the range with light positions.
Breakout Strategies:
- If the price falls below $3,680.00, it may test support levels at $3,670.00 and $3,660.00. Consider short positions with a stop loss set above $3,685.00.
- If the price breaks above $3,692.00, it may test resistance levels at $3,702.00 and $3,712.00. Consider long positions with a stop loss set below $3,687.00.
Silver (XAG/USD):
- Fluctuation Range: $42.630 - $43.150
- Trading Approach: Consider buying low and selling high within the range.
Breakout Strategies:
- If the price falls below $42.630, it may target $42.100 and $41.700. Consider short positions with a stop loss set above $42.830.
- If the price breaks above $43.150, it may target $43.600 and $43.900. Consider long positions with a stop loss set below $42.950.
Risk Warning:Trading markets involve 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 risk tolerance.