Market Analysis: On May 15, spot gold weakened slightly, falling nearly 1% to around $4,655 per ounce, marking its third consecutive day of decline. The US gold futures for June delivery also fell by 0.4% to $4,686.20 per ounce. This movement was primarily driven by a strengthening US dollar index and a rebound in US Treasury yields, with investor sentiment turning cautious as they closely monitor the latest developments in the Middle East and potential catalysts from the meeting between the leaders of the United States and China.

Attention is also on the actual navigation conditions in the Strait of Hormuz. If tensions in the Middle East ease, gold may face further downside risks, with the key short-term level to watch being the $4,600 mark. Conversely, if the energy crisis deepens or diplomatic progress falls short of expectations, gold's safe-haven appeal could regain favor in the market. In the short term, gold prices may continue to consolidate within the current range, while in the medium to long term, global uncertainties are expected to preserve structural opportunities for this traditional safe-haven asset.

Gold Market Trend Analysis: For those tracking gold, note that while the market was stable during the day on Thursday, it experienced a sharp decline overnight, with gold breaking below the critical level of $4,650, signaling a clear shift to a weaker trend. Previously, prices above $4,650 indicated a strong range with resistance at $4,750 and $4,850. Now that this level has been breached, the trading strategy should shift from buying on dips to selling on rallies. The daily chart shows consecutive bearish closes, highlighting the weakness. Short-term support is seen at $4,600, with key support at $4,500. Resistance levels for rebounds are at $4,630 and $4,650, and trades should be executed based on these resistance points. Only a sustained move back above $4,650 would signal a return to strength.

Silver Market Trend Analysis: Turning to silver, the decline began from $89.3. Earlier warnings were issued against chasing highs near $90 and to guard against a pullback. The overnight sharp drop broke below the $83 support level, entering a medium-term correction phase. Although the broader trend remains bullish, the short-term correction targets are $80 and $78. Similarly, the strategy is to sell on rebounds. Once the correction concludes, attention should turn to whether silver can challenge the $90 high again. Finally, it is crucial to implement proper risk management and follow the prevailing trend in all trades.