【Evening Market Brief】
The U.S. government shutdown has entered its 37th day, continuing to intensify economic policy uncertainty and providing long-term support for gold. Only 42,000 jobs were added in the U.S. ADP employment report for October, indicating a weak labor market and strengthening expectations of the Federal Reserve’s accommodative policy. Spot gold maintained a volatile pattern throughout the day, with obvious resistance in the $4,000.00-$4,030.00 range above, limiting its short-term upside potential.
【Analysis of Core Influencing Factors】
- Sustained Safe-Haven Demand: The U.S. government shutdown and uncertainty in the Middle East continue to support gold.
- Divergent Policy Expectations: Market expectations for a December interest rate cut remain at 72%, yet Fed Chair Powell maintains a cautious stance.
- Technical Volatility: Gold consolidates with volatility ahead of key resistance levels, while silver maintains relative strength.
【Evening 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 $50.000; Support at $46.000 - $47.000
- Trading Idea: Monitor support performance at $47.000; 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.