Gold Market Update – April 17: The benchmark 10-year U.S. Treasury yield settled at 4.320%, while the more policy-sensitive 2-year yield closed at 3.7860%. Spot gold initially surged but then retreated, closing down 0.02% at $4,790.78 per ounce. Spot silver ended 0.69% lower at $78.41 per ounce. As some Gulf nations and European leaders suggest a potential U.S.-Iran peace agreement could be reached within about six months, international oil prices rebounded. WTI crude closed up 1.41% at $92.73 per barrel, while Brent crude rose 3.26% to $97.99 per barrel.

Gold's Latest Trend – The gold market opened at $4,790.3 per ounce yesterday, immediately climbing to a daily high of $4,839 before encountering resistance and pulling back. The price dipped to a low of $4,772 per ounce, then consolidated, ultimately closing at $4,789.7 per ounce. The daily chart formed a shooting star candlestick with a very long upper shadow, suggesting a high probability of further downward pressure. In summary, after its recent advance, gold is facing a corrective pullback and is currently under pressure within a narrow range. Today's trading strategy prioritizes selling on rallies, with buying on dips as a secondary approach. Resistance is anticipated between $4,812 and $4,840, while support lies near $4,750 to $4,700.

Crude Oil's Latest Trend – The U.S. crude market opened at $91.23 per barrel yesterday, initially falling to $90.4 before rallying to a daily peak of $94.95. After consolidation, it settled at $97.78 per barrel. The daily chart formed a medium-sized bullish candle with a long upper shadow, resulting in a consolidation pattern indicating a tug-of-war between bulls and bears. In summary, following a significant correction, crude oil is now trading within a range at lower levels, with upper resistance continuing to exert pressure. Today's strategy involves selling near resistance and buying near support. Resistance is seen between $92.5 and $96.3, with support expected around $88.2 to $84.4.

Nasdaq Index's Latest Trend – The Nasdaq market opened at 26,188.79 yesterday, edging up to 26,328.29 before quickly retreating to a low of 26,106.04. It then rallied to a high of 26,406.31, eventually closing at 26,030.03. The daily chart formed a small bullish candle with nearly equal upper and lower shadows, indicating the ongoing bullish trend remains intact. In summary, after a strong upward move, the Nasdaq is consolidating within a tight range at elevated levels. Today's approach favors buying on dips, with selling on rallies as a secondary tactic. Resistance is monitored between 26,400 and 26,600, while support is found near 26,100 to 25,900.