**Gold Market Trend Analysis**

On October 1st, gold declined from around 3834 yesterday and touched near 3825 before beginning an upward move. During the European session, it reached a historical high near 3872 before pulling back. The daily chart showed a low near 3792, which was supported by the combined effect of the 5-day moving average at the daily level and fundamental bullish factors, completing a V-shaped reversal. The daily candle ultimately closed near 3858 with an extremely long lower shadow in a hammer formation.

Gold's consecutive positive moves during the U.S. session yesterday indicate that the current pullback is merely a correction within the broader uptrend. However, the characteristic of corrections is large downward movements that test key support levels to see if sustained recovery can emerge. In the short term, we should expect another break above the previous high. If it falls back again, we need to be cautious of adjustment risks, though short-term positioning should continue to favor the long side. Looking at the daily chart alone, today tends toward high-level consolidation or upward movement, not supporting major corrections. However, approaching yesterday's high levels should avoid chasing longs to prevent a second probe that fails to make new highs and then falls back. Daily support is near 3831, which was also last night's pullback low. Hourly support is near 3841, but based on early session movements, if the market strengthens, 3854 could also be the early session low, so approaching intraday lows can warrant small defensive long positions.

Overall, short-term trading strategy should focus on buying dips as the primary approach, with selling rallies as secondary. Above, short-term attention should focus on resistance in the 3870-3890 area. Below, short-term attention should focus on support in the 3830-3800 area.

**Trading Strategy:** Buy on pullbacks to 3840-3845, defend below 3830, target 3870-3890

The above views are for reference only. Specific operations should follow real-time market prices.

**Oil Market Trend Analysis**

Oil rose from around 63.33 yesterday, touching near 63.45 before oscillating lower. The daily chart showed a low near 62.22 with consolidation, ultimately closing near 62.6 with a long lower shadow dark candle.

Oil currently continues to maintain broad range oscillation in daily chart trends, with prices temporarily compressed between 61.5-65.5. On hourly timeframes, current prices are temporarily operating near previous support zones. After continuous narrow range oscillation, technical patterns are also beginning to gradually repair and complete. Candlesticks are slowly standing above short-cycle moving averages, suggesting short-term trends may see some rebound, with high probability of continuing to maintain broad oscillation patterns.

Overall, today's oil trading strategy should focus on selling rallies as the primary approach, with buying dips as secondary. Above, short-term attention focuses on resistance in the 64.5-65.5 area. Below, short-term attention focuses on support in the 61.5-60.0 area.

**Trading Strategy:** Long near 62.0, defend at 61.3, or short near 64.1, defend at 64.8.