5. Morning Market Analysis and Strategy for the 20th:

Yesterday, gold declined as expected, touching a low of 4465 during the session, indicating a clear bearish trend. Silver performed weakly, the US dollar index remained steady above the 99 level, and crude oil generally fluctuated with a slight upward bias.

Currently, US Treasury yields are rising, the market’s expectations for rate cuts have largely faded, and instead, speculation about possible rate hikes has begun. Additionally, Trump’s statement that he does not rule out taking action against Iran has supported oil prices, reigniting inflation concerns, and gold prices are likely to remain under pressure.

However, the upside potential of the US dollar index is limited mainly because silver is holding above the 74 level and crude oil is strongly supporting inflation, making it difficult for gold to break out into a one-sided plunge. Most likely, it will fluctuate downward with some rebounds and shakeouts along the way.

For today’s trading, it is not recommended to chase short positions directly. Wait for the price to rebound to the 4530-4540 range before considering short entries. Recent news has caused frequent market disturbances, so be sure to implement strict risk control and cut losses promptly.

Suggestion: Short around 4535–4545, stop loss at 4560, take profit at 4500 and 4480!