Gold Market Update – On March 12, the benchmark 10-year U.S. Treasury yield closed at 4.231%, while the more policy-sensitive 2-year yield settled at 3.661%. Gold prices moved lower amid a stronger U.S. dollar and rising interest rate expectations. Spot gold declined throughout the session, hitting an intraday low of $5,149.01 during U.S. trading hours, and ultimately closed down 0.32% at $5,175.91 per ounce. Spot silver followed gold lower, finishing down 2.98% at $85.69 per ounce. Crude oil experienced significant volatility due to attacks on vessels in the Strait of Hormuz, which heightened supply disruption concerns, although the IEA's announcement of a release of 400 million barrels from emergency reserves tempered gains. WTI crude traded in a wide range between $82 and $88, eventually settling up 2.28% at $88.44 per barrel. Brent crude closed 2.82% higher at $91.54 per barrel.

Latest Gold Price Movement – The gold market opened yesterday at $5,190.3 per ounce, initially rose to a daily high of $5,223.6, then reversed sharply to an intraday low of $5,154.6, before consolidating within a range. It finally closed at $5,177, forming a doji candlestick pattern on the daily chart. This price action suggests potential continued downward pressure. In summary, gold remains constrained within a trading range and may face further selling pressure. Today's trading strategy favors selling on rallies as the primary approach, with buying on dips as a secondary tactic. Resistance is expected between $5,184 and $5,240, while support lies in the $5,060 to $5,000 zone.

Latest Crude Oil Price Movement – U.S. crude extended its gains yesterday, opening at $86.95 per barrel. After an initial pullback to a daily low of $81.7, it rallied to a session high of $88.99 before stabilizing. It closed at $88.4, forming a hammer candlestick with a very long lower shadow on the daily chart. This pattern indicates a potential continuation of the bullish trend. In summary, crude oil has stabilized and broken out from the $77 level, establishing a rising platform. As long as this level holds, further upward movement is anticipated. Today's strategy focuses on buying on dips, with resistance eyed between $100 and $110, and support expected near $89.6 to $88.0.

Latest Nasdaq Index Movement – The Nasdaq index opened yesterday at 24,974.99 points, climbed to a high of 25,097.6, then retreated sharply to 24,865.48. A second strong rally pushed it to a new daily high of 25,154.73, but it pulled back again toward the close, finishing at 24,921.42 after touching a low of 24,845.24. The daily chart formed an inverted hammer with a very long upper shadow, resulting in a double inverted hammer pattern. This suggests the index may face further downward pressure. In summary, the Nasdaq failed to sustain its gains and is likely to extend its decline. Today's trading approach favors selling on rebounds, with buying on dips as a secondary tactic. Resistance is seen between 24,850 and 24,930, while support is expected in the 24,500 to 24,300 range.