Gao Bojing: Today's Gold Price Fluctuation Analysis and Gold Trading Strategies

Gold News —

On April 2nd, U.S. Treasury yields rebounded sharply, with the benchmark 10-year U.S. Treasury yield closing at 4.3240%, and the yield on the 2-year Treasury, which is sensitive to Federal Reserve policy rates, closing at 3.8130%. Spot gold rose for the fourth consecutive trading day, briefly surpassing the $4,790 level during the session, ultimately closing up 1.92% at $4,756.67 per ounce; spot silver fluctuated lower, hovering around the $75 mark, and finally closed down 0.16% at $75.04 per ounce. After a plunge, international oil prices rebounded and oscillated; although easing tensions reduce the risk of further damage to energy infrastructure, the outlook for the Strait of Hormuz reopening after U.S. troop withdrawals remains uncertain. WTI crude oil fell 2.64%, closing at $99.12 per barrel; Brent crude ultimately declined 3.18%, closing at $98.85 per barrel.

Latest Gold Market Trends —

Yesterday, the gold market continued its upward trend, opening at $4,668.5 per ounce, then retracing to $4,660.2, before rallying strongly, with the daily high reaching $4,693.5. After some consolidation, the daily close was at $4,758.3, ending with a long upper shadow large bullish candle. Such a pattern suggests continued upward momentum. Overall, the summary: Gold bulls remain strong, with further upside potential. For trading today, consider buying on dips first, with short positions as a supplement. Resistance levels are at $4,870–$5,000, and support levels are at $4,744–$4,665.

Latest Crude Oil Market Trends —

Yesterday, U.S. crude opened at $102.03 per barrel, then initially rose, with the daily high reaching $103.6. It then sharply declined, with the lowest point at $96.68. After support, it rallied again, and the daily close was at $99.17. The pattern shows a long lower shadow with a slightly longer than upper shadow bearish candle, indicating ongoing high-level correction. Overall, the trend remains upward, with a minor correction phase. Support levels are at $97.0–$95.0, and resistance levels are at $101.0–$104.

Latest Nasdaq Market Trends —

Yesterday, Nasdaq opened at $23,707.2, then dipped slightly to $23,696.49, before rallying strongly, with the daily high at $24,169.73. After some consolidation, it closed at $24,005.43. The daily candle is a large bullish candle with a long upper shadow, indicating continued testing of higher levels. Overall, after hitting new lows, Nasdaq’s strong rebound suggests signs of strengthening, but the sustainability of the bulls needs monitoring. For today’s trading, consider buying on dips first, with short positions as a supplement. Resistance is at $24,235–$24,500, support at $23,800–$23,600.

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Editor: Chen Ping