I. News Events



1. Trump Approval Rating Sinks to Historic Low as High Inflation Dominates Voter Concerns

Recent polling data shows US President Donald Trump's approval rating has languished at a record low of 32%.

Driven by surging baseline energy prices, consumer inflation has escalated sharply, turning the cost of living into the paramount election topic.

Against this backdrop, the Republican party has suffered substantial erosion among core voting demographics.

With the midterm elections less than a month away, the ruling administration confronts severe electoral headwinds.

2. Yemeni Government Forces Recapture Strait Coastline

On the geopolitical front, Yemeni government forces executed a fresh lightning offensive today, successfully retaking coastal control from the Bab-el-Mandeb Strait up to the city of Mokha.

This military advance forced Houthi fighters out of the majority of areas seized over the prior month, partially alleviating maritime transit anxieties in the Red Sea.

II. 30-Minute Chart



As of approximately 13:59 Beijing time, spot gold traded at $4,122.44 per ounce, declining $17.27 or 0.42% intraday.

From the moving average structure, bullion suffered a sharp plunge early in the session, leaving behind a long lower shadow after momentarily breaching the $4,110 zone.

Current price action remains suppressed beneath a bearishly fanning short-term moving average cluster.

MA1 ($4,124.26), MA20 ($4,127.28), and MA30 ($4,134.31) form a distinct stepped resistance barrier directly overhead.

Candles continue to consolidate weakly near session lows, with upward rebound momentum distinctly contained.

III. 30-Minute Technical Indicators



Across 30-minute technical indicators, the overall evaluation reads "Strong Sell" (0 buy, 2 neutral, 8 sell), with bears firmly dominating short-term price discovery:

Core Relative Indicators:
Relative Strength Index RSI(14): 38.19, operating within weak selling territory.

Stochastic STOCH(9,6): 46.18, fluctuating in neutral ground.

Commodity Channel Index CCI(14): -101.20, heavily anchored in bear-dominated waters.

Trend Momentum Indicators:
Mid-term momentum MACD(12,26): -5.70, consistently issuing sell readings below the zero line.

Trend strength ADX(14): 48.80, elevated to reflect persistent directional continuity in the downtrend.

Rate of Change ROC: -0.442, and Bull/Bear Power(13): -12.28, both signaling active selling pressure.

Oscillator / Volatility Metrics:
Fast stochastic StochRSI(14): 5.89, probing deeply oversold territory.

Williams %R: -61.06, preserving a bearish bias.

Average True Range ATR(14): 10.08, confirming high intraday volatility (High Volatility).

IV. Summary and Outlook

Event Summary:
Trump's record-low popularity and acute midterm pressures underscore how surging energy and elevated inflation weigh on domestic governance.

Although persistent inflation complicates domestic policy, the Federal Reserve's restrictive stance remains intact, lifting benchmark Treasury yields to 24-year peaks.

Market Outlook:
Near-term market structure remains firmly governed by sellers, with moving averages across periods providing overhead resistance.

While StochRSI triggers oversold readings hinting at technical pause needs, actual rebound follow-through remains fragile.

Focus now shifts to the durability of the morning spike low; a break lower on expanding volume would target deeper cushions.

Conversely, any upward retracement must first navigate the formidable barrier posed by overhead short-term moving average clusters.