【Morning Market Brief】
The U.S. government shutdown has entered its 40th day, and lingering uncertainty over economic policies continues to support gold. The U.S. Dollar Index has touched its lowest level since March 2022, while the 10-year U.S. Treasury yield has declined—both factors providing a favorable backdrop for precious metals. Spot gold is approaching the critical resistance level of $4,050.00; a breakthrough above this level is expected to open up upward space. Spot silver remains range-bound between $47.000 and $49.000.
【Analysis of Core Influencing Factors】
- Divergent Safe-Haven Demand: The prolonged U.S. government shutdown continues to offer support to gold, but news that the shutdown may soon end has weakened part of the safe-haven demand.
- Monetary Policy Expectations: The market’s probability of a Federal Reserve interest rate cut in December remains at 66.5%, with expectations fluctuating.
- Critical Technical Breakthrough: Gold is facing the important resistance level of $4,050.00; if it breaks above this level, the next target will be $4,150.00.
【Morning Trading Strategy Guidelines】
Gold (XAU/USD)
- Key Levels: Resistance at $4,050.00; target of $4,150.00 if the resistance is broken.
- Trading Idea: Focus on whether gold can break through $4,050.00; consider entering long positions if the breakthrough occurs.
Silver (XAG/USD)
- Volatility Range: $46.000 - $50.000
- Key Levels: Resistance at $50.000; Support at $46.000
- Trading Idea: A breakthrough above $50.000 may accelerate silver’s upward movement.
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.