Gold Market Analysis: Last week’s rise in the gold market highlighted growing concerns about a U.S. economic slowdown and heightened expectations for a Federal Reserve rate cut. Analysts widely expect that if economic data continues to show signs of a slowdown, the demand for gold as a safe-haven asset may continue to increase. As global economic uncertainty grows, the outlook for the gold market remains positive. Investors should closely monitor next week’s economic data and policy developments to make informed investment decisions. This week, with speeches from Federal Reserve officials and the release of key economic data, the gold market may experience new volatility. Investors should stay vigilant and be prepared to respond to rapid market changes.
Today’s Gold Strategy: It is recommended to focus primarily on buying during pullbacks and selling during rebounds. Pay attention to the resistance at the 2400 level and the support at the 2371 level.
Crude Oil Market Analysis: Last Friday, international oil prices experienced a narrow range of high-level fluctuations. Last week, crude oil extended its strong momentum from the previous ten days after the market opened and successfully broke through $82, opening up new upside potential. U.S. crude oil is currently trading near $83.20. Recently, oil prices have remained stable near their highs, influenced by signs of weak demand in Asia and declining U.S. crude oil inventories. Oil prices have reached their highest level since April, hitting an 11-week high. The Energy Research Institute has indicated that demand is still growing, and where demand is declining, the drop is minimal. As a result, oil prices are still more likely to rise than fall.
Today’s Crude Oil Strategy: It is recommended to focus primarily on selling during rebounds and buying during pullbacks. Pay attention to the resistance at the 83.7 level and the support at the 80.7 level.
Caution: Operations should be approached with caution, and the recommendations are for reference only.
