Gold Market Update – On February 27, the benchmark 10-year U.S. Treasury yield closed at 4.056%, while the policy-sensitive 2-year yield settled at 3.475%. Gold prices edged higher as traders closely monitored uncertainties surrounding U.S.-Iran negotiations and tariff policies for clues on the next major move in international spot gold. Spot gold briefly broke above the $5,200 level but failed to hold that threshold, ultimately closing up 0.39% at $5,185.29 per ounce. Spot silver surged past the $90 mark before reversing gains, falling over 4% at one point, and ending the session down 1.01% at $88.3 per ounce. International oil prices rose nearly 2% during the day but turned lower again following reports of positive progress in U.S.-Iran talks. WTI crude closed down 0.23% at $65.41 per barrel, while Brent crude edged up 0.17% to $70.99 per barrel.

Latest Gold Price Movement – The gold market opened at $5,165.3 per ounce yesterday, initially climbing to a high of $5,206.2 before retreating sharply to a daily low of $5,129.9. A strong late-session rebound pushed prices back up, with gold finally settling at $5,184.6 per ounce. The daily chart formed a spinning top candlestick with a slightly longer lower shadow, indicating that gold remains in a consolidation phase awaiting a breakout. Overall, gold is trading within a range pending a directional move. Today’s trading strategy suggests selling near resistance and buying near support, with a follow-through approach after a confirmed breakout. Key resistance levels are $5,210–$5,230, while support lies at $5,140–$5,100.

Latest Crude Oil Price Movement – U.S. crude opened slightly higher yesterday at $65.74 per barrel, then declined sharply to a daily low of $63.7. A strong rally during the U.S. session pushed prices to a high of $66.82 before a late pullback. The session closed at $65.56 per barrel, forming a morning star-like candlestick with a long lower shadow, suggesting that the market remains in a bullish trend. In summary, oil experienced a corrective dip followed by a rebound, indicating underlying upward momentum. Today’s strategy favors buying on dips as the primary approach, with selling on rallies as secondary. Resistance is seen at $66.6–$67.5, with support at $64.8–$63.5.

Latest Nasdaq Index Movement – The Nasdaq index opened slightly lower yesterday at 25,349.49 points, edged up to 25,368.46, then trended downward to a daily low of 24,812.37. It finally closed at 24,985.66, forming a large bearish candlestick with a very long lower shadow. This pattern, where the bearish candle engulfs the prior bullish one, suggests further downside pressure. Overall, the Nasdaq has been fluctuating within a wide range recently. Today’s focus is on signs of continued pressure. The trading strategy recommends selling on rebounds as the main approach, with buying on dips as secondary. Resistance is expected at 25,120–25,300, while support lies at 24,810–24,600.