Gold Market Update – April 15 saw the benchmark 10-year U.S. Treasury yield close at 4.2540%, while the more policy-sensitive 2-year yield settled at 3.7550%. Supported by a weaker U.S. dollar and hopes for renewed U.S.-Iran negotiations, spot gold extended its gains, breaking through the 4800 barrier to close up 2.14% at $4841.85 per ounce. Spot silver finished 5.27% higher at $79.56 per ounce. Market optimism grew on expectations that Iran would resume talks with the U.S. and Israel to end the blockade of the Strait of Hormuz. WTI crude fell 6.05% to $92.23 per barrel, while Brent crude dropped 3.14% to $95.21 per barrel.
Latest Gold Price Movement – Gold opened yesterday at $4744.6 per ounce and rallied directly, hitting a session high of $4846.36 before consolidating. It ultimately settled at $4840.7, forming a nearly full-bodied bullish candlestick with slight shadows. This pattern suggests further upward potential today. In summary, gold has again risen to previous high levels, with the uptrend channel remaining intact. Today’s trading strategy favors buying on dips as the primary approach, with selling on rallies as secondary. Resistance is seen at $4900–4950, while support lies at $4809–4790.
Latest Crude Oil Price Movement – U.S. crude opened yesterday at $97.97 per barrel, edged up to $98.03, then retreated sharply to a low of $91 before stabilizing. It closed at $92.03, forming a long-lower-shadow bearish candlestick. This structure indicates continued downward pressure today. In summary, oil faces renewed selling pressure as bearish momentum persists. Today’s strategy prioritizes selling on rebounds, with buying on dips as secondary. Resistance is expected at $89.8–93.0, while support is seen at $84.5–83.5.
Latest Nasdaq Index Movement – The Nasdaq opened yesterday at 25401.82 points, fluctuated higher to a peak of 25838.45, and settled at 25831.37, forming an almost full-bodied bullish candlestick. This pattern suggests that buying on dips remains favorable today. In summary, the Nasdaq maintains its upward trend and strong technical posture. Today’s approach favors buying on pullbacks as the primary tactic, with selling on rallies as secondary. Resistance is eyed at 26050–26300, while support lies at 25640–25450.