On Monday, August 11, the benchmark 10-year U.S. Treasury yield settled at 4.7130%, while the policy-sensitive 2-year yield ended at 4.2430%. Spot gold continued its uptrend, hitting a nine-week high, and ultimately closed 1.11% higher at $4,390.26 per ounce. Spot silver rose 3.38% to close at $65.73 per ounce. Influenced by news regarding the Hormuz shipping agreement outlook, international oil prices jumped. WTI crude reclaimed the $80 mark, closing 6.72% higher at $81.48 per barrel, while Brent crude settled 6.71% higher at $86.96 per barrel.

In the gold market yesterday, trading opened at $4,343.2 per ounce. The price initially declined, hitting a daily low of $4,312 per ounce, before oscillating higher. It reached a daily high of $4,396 per ounce, then consolidated, ultimately closing at $4,389.65 per ounce. The daily candlestick formed a medium bullish line with a long lower shadow. Based on this closing pattern, gold retains its bullish momentum.

Synthesizing the analysis, gold has broken out in a volatile uptrend, showing a probability of further continuation. The operational strategy is to prioritize buying on dips, with short-selling as a secondary approach. Key resistance levels to watch are $4,500-$4,585, with support at $4,360-$4,317.

In the crude oil market, trading opened higher at $78.59 per barrel. The price initially fell to a daily low of $77.84 per barrel, then staged a strong rally to a daily high of $82.48 per barrel, before consolidating. It closed at $82.4 per barrel, forming a large bullish line with a long lower shadow. This pattern suggests the potential for further upward movement in crude oil.

Synthesizing the analysis, after stabilizing at low levels and consolidating, crude oil has shown a bullish trend. The bull-bear pivot point is $80.2. The recommended strategy for today is to prioritize buying on dips, with short-selling as a secondary approach. Key resistance levels to watch are $84.6-$86.0, with support at $80.7-$80.0.

In the Nasdaq index market yesterday, trading opened at 29,765.65. The price inched higher to 29,876.23 before declining in a volatile manner. It hit a daily low of 29,594.12, then consolidated, closing at 29,636.45. The daily candlestick formed a medium bearish line with a longer upper shadow. This pattern indicates the Nasdaq is trading in a consolidation range.

Synthesizing the analysis, the Nasdaq index has been driven by a wave of upward movement but is now oscillating within a range. A decisive breakout is needed to change this range-bound pattern. The operational strategy for today is to prioritize buying on dips, with short-selling as a secondary approach. Key resistance levels to watch are 30,000-30,300, with support at 29,450-29,100.