[Market Morning Summary]
Spot gold prices continued their strong upward trend on Monday, opening and oscillating higher to hit a new historical high of 3748.57 USD per ounce, and closing at 3746.68 USD per ounce. In today's early trading session, gold prices are consolidating in a narrow range near the high levels, currently trading around 3741.00 USD per ounce, with the overall market maintaining a strong upward momentum.
[Core Influence Factors Analysis]
Strong policy expectations: Market anticipation of the Fed maintaining loose monetary policies continues to drive funds into the gold market.
Ongoing safe-haven demand: Global trade environments and geopolitical uncertainties provide solid support for gold prices.
Stable technical bullish pattern: Prices have repeatedly set new historical highs, with all time frames showing strong upward trends.
[Morning Trading Strategy Guidance]
Gold (XAU/USD):
Oscillation range: 3735.00 - 3749.00 USD
Operation idea: Within the range, consider buying low and selling high with light positions.
Breakout strategy:
If it breaks below 3735.00, it may test support at 3725.00 and 3715.00. Consider short positions in line with the trend, with stop loss at 3740.00.
If it breaks above 3749.00, it may test resistance at 3759.00 and 3769.00. Consider long positions in line with the trend, with stop loss at 3744.00.
Silver (XAG/USD):
Oscillation range: 43.810 - 44.090 USD
Operation idea: Within the range, buy low and sell high.
Breakout strategy:
If it breaks below 43.810, targets could be 43.300 and 42.800. Consider short positions in line with the trend, with stop loss at 44.010.
If it breaks above 44.090, targets could be 44.600 and 44.900. Consider long positions in line with the trend, with stop loss at 43.890.
Risk Warning: Trading markets involve unpredictable risks, including but not limited to principal loss. 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.