Gold Market Update – On March 17th, the benchmark 10-year U.S. Treasury yield settled at 4.224%, while the more policy-sensitive 2-year Treasury yield closed at 3.686%. Spot gold fluctuated around the $5,000 mark throughout the day, ultimately settling with a 0.25% decline at $5,006.20 per ounce. Spot silver also oscillated near the $80 level, closing 0.2% higher at $80.71 per ounce. Crude oil opened higher but retreated, accelerating its decline before the U.S. session as some vessels passed through the critical Strait of Hormuz and U.S. Treasury Secretary Yellen provided reassurances to the market. WTI crude accelerated its decline during the European session, falling below the $100 threshold and hitting an intraday low of $92.98 before settling at $94.20 per barrel, down 5.13%. Brent crude ultimately closed 3.26% lower at $97.61 per barrel.

Latest Gold Price Movement – The gold market opened yesterday at $5,011.3 per ounce. After an initial pullback to a daily low of $4,966.6, prices staged a strong rally, reaching an intraday high of $5,037.7. The session concluded with consolidation, and gold settled at $5,006.2 per ounce. The daily chart formed a 'Morning Star' candlestick pattern with a slightly longer lower shadow. Following this pattern, gold remains under pressure within a consolidation phase. In summary, gold is fluctuating within a defined range under pressure. For today's trading strategy, prioritize short positions on rallies, with long positions on dips as a secondary approach. Resistance is anticipated between $5,045 and $5,085, while support levels are seen at $4,967 and $4,900.

Latest Crude Oil Price Movement – U.S. crude oil opened yesterday at $101.98 per barrel. After a minor rally to a daily high of $102.05, prices experienced a sharp decline, reaching an intraday low of $92.94 before consolidating. The session closed at $94.12 per barrel, forming a long-lower-shadow bearish candlestick on the daily chart. This pattern suggests oil is testing the upside within a volatile consolidation. In summary, the crude oil advance encountered resistance and adjusted near the $99.68 level, which is a key threshold for a continued upward move. The current focus is on the momentum of the bullish trend. For today's trading, prioritize long positions on pullbacks, with short positions on rallies as a secondary tactic. Resistance is viewed at $95.5 to $99.8, with support expected between $91.8 and $90.0.

Latest Nasdaq Index Movement – The Nasdaq market opened yesterday at 24,293.14 points. After a slight dip to 24,282.15, the index experienced strong, volatile upward momentum, reaching an intraday high of 24,798.91 before consolidating. The session closed at 24,635.99 points, forming a large bullish candlestick with a long upper shadow on the daily chart. This formation indicates the Nasdaq is under pressure within a consolidation pattern. In summary, analyst Gao Bojing concludes the index is in a pressured, sideways movement.