Gold Market Update – February 12: U.S. Treasury yields saw a broad rebound, with the benchmark 10-year yield settling at 4.174% and the policy-sensitive 2-year yield closing at 3.512%. Spot gold experienced a decline following the non-farm payrolls release but maintained an upward trend supported by steady central bank purchases and geopolitical factors, ultimately closing 1.16% higher at $5,083.98 per ounce. Spot silver broke above the $86 level during the session before settling with a 4.34% gain at $84.3 per ounce. International crude oil prices rose again, buoyed by supply risks stemming from ongoing tensions between the U.S. and Iran. WTI crude initially climbed but later retreated due to an unexpected increase in U.S. EIA crude inventories, closing 1.09% higher at $64.77 per barrel. Brent crude finished up 0.9% at $69.3 per barrel.

Gold's Latest Price Movement – The gold market opened at $5,025.8 per ounce yesterday, initially climbing to a high of $5,119.6 before retreating sharply after the non-farm payrolls report. The session low touched $5,018.4, but prices recovered toward the close, finishing at $5,083.7. The daily chart formed a medium bullish candle with a long upper shadow, suggesting a potential for further upward movement. In summary, gold is currently trading within a narrow range. Today’s trading strategy favors selling near resistance and buying near support, with resistance levels monitored at $5,114–$5,340 and support seen at $5,018–$4,975.

Crude Oil's Latest Price Movement – U.S. crude opened at $64.16 per barrel yesterday, rising directly to a daily high of $65.85 before pulling back toward the close. It settled at $64.95, forming a medium bullish candle with a long upper shadow, indicating a likelihood of further gains. Overall, crude oil continues to fluctuate but remains in a broader uptrend. Today’s approach prioritizes entering long positions on pullbacks, with short positions as a secondary strategy. Resistance is expected at $65.5–$66.7, while support lies at $64.4–$63.6.

Nasdaq Index Latest Movement – The Nasdaq index opened at 25,175.08 yesterday, initially dipping to 25,055.42 before rallying to a high of 25,380.7. It later retreated to a low of 25,969.47, then recovered to close at 25,202.04. The daily chart printed a long-legged doji with equal upper and lower shadows, reflecting ongoing pressure. In summary, the Nasdaq failed to extend gains and may face further downward pressure. Today’s focus is on resistance levels; the strategy favors selling on rebounds with buying on dips as a secondary approach. Resistance is eyed at 25,300–25,500, while support is seen at 25,050–24,880.