【Morning Market Brief】
The U.S. government shutdown has entered its 37th day, continuously intensifying economic uncertainty. Coupled with weak ADP employment data, this has driven safe-haven funds to flow into precious metals. Spot gold approached $4,020.00 per ounce at one point during Wednesday’s intraday session, but ultimately closed down 0.20% at $3,984.80 per ounce—indicating significant resistance in the $4,000.00-$4,030.00 range. Spot silver edged up 0.30% to $48.210 per ounce, maintaining its volatile pattern.
【Analysis of Core Driving Factors】
- Sustained Safe-Haven Support: The prolonged U.S. government shutdown and uncertainty in the Middle East continue to provide support for precious metals.
- Fluctuating Policy Expectations: Market expectations for a December rate cut have risen to 72%, yet Powell’s stance remains cautious.
- Clear Technical Resistance: Gold has encountered strong resistance in the $4,000.00-$4,030.00 range, limiting its short-term upside potential.
【Morning Trading Strategy Guidelines】
Gold (XAU/USD)
- Volatility Range: $3,900.00 - $4,030.00
- Key Levels: Resistance at $4,000.00 - $4,030.00; Support at $3,900.00 - $3,950.00
- Trading Idea: Buy low and sell high within the range; follow the trend once a breakout occurs.
Silver (XAG/USD)
- Volatility Range: $46.000 - $50.000
- Key Levels: Resistance at $49.000 - $50.000; Support at $46.000 - $47.500
- Trading Idea: Monitor support performance at $47.500; a breakout above $50.000 may accelerate upward momentum.
Risk Warning
The trading market carries unpredictable risks, including but not limited to the 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.