The latest market trend analysis for gold shows that as of July 30, the spot gold price is trading around $4,080 per ounce in early Asian trading. From a fundamental perspective, the Federal Reserve held interest rates steady, while Warsh's hawkish stance reiterated the 2% inflation target. However, after the decision, traders' expectations for a September rate hike dropped from about 81% to 64%. On Wednesday, spot gold staged a dramatic reversal that caught many investors off guard. Before the Fed's announcement to keep rates unchanged, gold prices were under pressure, even breaking below the $4,000 mark during the session. Yet, once the Fed confirmed that the federal funds rate target range would remain at 3.50% to 3.75%, spot gold rapidly surged, hitting a high of $4,116 per ounce, the highest level since July 23. By the close of the day, spot gold had risen 0.94%, settling at $4,066.13 per ounce. This rally was driven by a relief rebound from the missed rate hike expectations, a weaker US dollar, and safe-haven and inflation-hedge buying sparked by the Middle East conflict pushing oil prices higher. The market is now awaiting the PCE data to gauge the policy direction for September.

The technical analysis for gold indicates that yesterday's trading saw a typical pattern of anticipated moves followed by a sharp shock. As expected, the Fed's decision to keep rates unchanged led to a sharp decline in the US dollar, and gold rallied after a period of correction. Earlier, Mr. He Bosheng had clearly stated that the short-term range for gold would be locked between $3,995 and $4,115, advising against excessive worry about deep declines, as pullbacks would present excellent buying opportunities. Reviewing the market, gold rose from $3,995 overnight to a high of $4,016, closely matching the forecast, allowing those who followed the strategy to capture full profits. On the daily chart, a small bullish candle with a long upper shadow indicates that neither bulls nor bears have absolute control, with the market currently in a range-bound battle. The key resistance level is the previous high of $4,116, above which further upside could open. The core support level is around $4,020 to $4,030, with the next support at the intraday low of $3,995. The hourly chart's acceleration line at $3,995 serves as a critical defense for the bullish trend; a break below this level would weaken the short-term outlook. Gold has rebounded from the Wednesday low of $4,000 and is now approaching $4,120, shifting the market from a prior downtrend to a recovery pattern. It is expected that gold may break through the $4,116 resistance on Thursday and Friday, potentially reaching $4,165 and even testing the $4,200 level. The strategy should maintain a unified approach, focusing on buying on dips in the near term, capturing the full upward space, while being mindful of the volatility from the weekly and monthly closings. In summary, the short-term trading strategy for gold today suggests focusing on buying on pullbacks with a secondary consideration for selling on rallies. The key resistance levels above are $4,070 to $4,100, and the key support levels below are $4,000 to $3,970.

Regarding the latest market trend analysis for crude oil, as of Thursday, July 30, in early Asian trading, US crude oil is trading around $84.42 per barrel. Oil prices surged nearly 7% on Wednesday, benefiting from renewed supply concerns due to Middle East airstrikes and President Trump's promise to further target Iran. The US and Saudi Arabia launched attacks on Iranian-backed groups in Iraq, while Iran fired on ships in the Strait of Hormuz and a US base in Jordan, prompting Trump to pledge further strikes on Iran. Meanwhile, the US EIA data showed a 7.2 million barrel decrease in crude oil inventories to 404.5 million barrels, the lowest level since 2018, far exceeding the expected 1.3 million barrel drawdown. Analysts expect Brent crude to trade in a volatile range of $80 to $100 in the near term.

The technical analysis for crude oil shows that on the daily chart, the moving average system is turning upward, indicating a change in the medium-term bearish trend. The K-line pattern shows continuous bullish reversals, reflecting strong bullish momentum. While the medium-term trend has not yet formed a new direction, the momentum suggests that the decline has ended, and the medium-term trend is expected to focus on a rebound. On the short-term hourly chart, crude oil is rebounding upward, gaining support at $77 and moving higher. The trend is consistent, and a head-and-shoulders bottom reversal pattern is forming, with the neckline at $84.30 not yet broken. The focus is on the strength and validity of this breakout. The probability of crude oil continuing its rebound is high. In summary, the trading strategy for crude oil today suggests focusing on buying on pullbacks with a secondary consideration for selling on rallies. The key resistance levels above are $87.5 to $89.5, and the key support levels below are $83.0 to $81.0.