Gold Awaits Nonfarm Payrolls for Directional Break, Oil Volatile at Highs

Deep News
5小時前

Spot gold: On October 2, gold dipped sharply to around 4133 in the Asian session before staging a weak rebound, but pressure in the 4180-4193 zone remains, and the short-term structure has not truly turned stronger. The lower-than-expected U.S. August core PCE briefly lifted gold prices, but the 10-year Treasury yield holding near 5.3% and the dollar index staying around 102 continue to cap gold's rebound potential. Tonight's September nonfarm payrolls data is the core variable, and the market will likely extend its low-level consolidation before the release. In terms of strategy, favor selling on rebounds with shorting at highs as the main approach, and buying on dips as a supplement; key levels: resistance at 4220, 4250; support at 4138, 4110. Entry points/ranges: aggressive short at 4210±5, stop loss 25; conservative short at 4240±5, target 4140 and hold if broken. Aggressive long at 4140±5, stop loss 30; conservative long at 4117±5, target 4190 and hold if broken. [GOLD dividing line: $4,200/oz! Note: The above views are for reference only; strict risk control is required in extreme market conditions.] WTI crude oil: On October 2, crude oil saw a clear recovery in geopolitical risk premium driven by U.S. troop reinforcements in the Middle East, disrupted shipping through the Strait of Hormuz, and China's suspension of refined product exports. WTI crude returned to around $93 in the Asian session, while Brent crude climbed back above $100. Short-term oil prices are leaning strong, but pressure remains in the $93.70-$94.50 range, and volatility is elevated ahead of the nonfarm payrolls data, so chasing longs requires caution. In terms of strategy, focus on buying on pullbacks to support as the main approach, with shorting on rebounds facing resistance as a supplement; key focus on WTI stabilizing and going long at 91.5-91.3, and shorting on resistance at 93.70-94.50. If $94.50 is effectively broken, short-term upside can be pursued; if $91.00 is lost, beware of a pullback to 90.00-89.00. Key levels: resistance at 96.0, 98.0; support at 90.0, 88.0. Entry points/ranges: aggressive short at 94.5/95.3, stop loss 96.0; conservative short at 96.8/97.5, target 90.0 and hold if broken. Aggressive long at 90.5/91.3, stop loss 90.0; conservative long at 89.3/88.6, target 94.0 and hold if broken. [WTI dividing line: $91.0/barrel! Note: The above views are for reference only; strict risk control is required in extreme market conditions.]

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