I. News Events: Energy Ceasefire Announced as Middle East Attacks Persist



1. Trump Announces Russia-Ukraine Energy Ceasefire, Details Remain Pending:
According to a Reuters report on October 11, Trump declared on social media that Russia and Ukraine had agreed to an energy ceasefire, stating the agreement takes effect immediately.

However, Moscow did not immediately respond, while Zelensky stated Ukraine supports the ceasefire but continues waiting for operational details from the US.

Prior to this announcement, Trump persistently pressured Ukraine to halt strikes on Russian energy infrastructure, attributing elevated US domestic energy prices to these attacks.

Washington had previously threatened to suspend intelligence sharing with Ukraine and halt weapons procurement under related assistance programs; the White House did not immediately respond to requests for comment.

Zelensky maintained that Ukraine is willing to cease targeting energy facilities, provided Russian forces concurrently halt all attacks on Ukrainian energy infrastructure.

2. Riyadh Airport Struck Repeatedly, Four Nations Demand Cessation of Houthi Attacks:
According to a Reuters report on October 12, Turkey, Pakistan, Egypt, and Saudi Arabia jointly condemned Houthi strikes on Riyadh's international airport, characterizing them as a dangerous escalation.

Saudi authorities stated that a fresh strike on October 11 killed 1 person and injured nearly 12; an attack claimed by Houthis the previous day left 13 dead and over 300 wounded.

The four nations demanded an immediate and unconditional cessation of attacks, affirming support for Saudi Arabia's legitimate measures to deter further strikes.

II. 30-Minute Chart: Pullback Takes Hold Beneath Overhead Moving Averages



As of 13:28 Beijing time, spot gold traded at $4,185.11 per ounce, down $9.03 or 0.21% from the previous close of $4,194.14.

The session opened at $4,200.90, posting an intraday high of $4,217.26 against a low of $4,184.26.

Recent candles show consecutive declines following earlier morning highs, with quotes hovering near session lows.

Regarding moving averages, MA20 stands at $4,203.19 and MA30 at $4,198.89, with price running below both lines.

Market focus centers on whether gold can reclaim the 4,198.89—4,203.19 moving average band, which shifts dynamically with price action.

The $4,184.26 level marks the session low; a confirmed 30-minute close below it could extend near-term downside pressure.

III. 30-Minute Technical Indicators: Deep Oversold Readings Across Multiple Oscillators



As of 13:28 Beijing time, Investing.com technical indicators showed an overall rating of "Strong Sell" (1 buy, 1 neutral, 6 sell), representing platform metric assessments rather than execution directives.

Indicator Breakdown:
RSI(14) prints at 39.954 below the 50 midline; CCI(14) registers -124.3952, reflecting subdued short-term momentum.

STOCH(9,6) at 16.847, STOCHRSI(14) at 9.962, and Williams %R at -98.535 are all flagged as oversold by the platform.

While oversold conditions imply the potential for technical stabilization, they do not independently confirm a directional trend reversal.

Among trend indicators, MACD(12,26) stands at 2.487 with a buy rating, showing indicators have not turned uniformly bearish.

ADX(14) prints 22.171 with a neutral rating, reflecting limited directional trend strength.

ATR(14) records 8.8241 indicating lower volatility, though a single data point does not confirm ongoing volatility compression.

IV. Summary and Market Outlook

According to a Reuters report on October 12, softening crude oil prices and impending US inflation data have prompted heightened market vigilance.

Current price action displays an intersection of short-term weakness and oversold oscillator readings.

If prices stabilize near $4,184.26 and reclaim the moving average band on a 30-minute closing basis, immediate downward pressure may ease.

Conversely, a breach below the session low with rallies capped by moving averages would reinforce near-term weakness.

Market participants should track upcoming inflation prints on monetary policy expectations, concrete developments on the energy ceasefire, and geopolitical shifts in the Middle East.

This article is provided for market information reference only and does not constitute investment advice. Precious metals trading involves risk of principal loss.

(Compiled and Edited by Wangwang Bullion)