On September 24th, Wednesday during the Asian trading session, spot gold found buying support near $3750, ending the overnight pullback from historic highs. Market expectations for continued Fed rate cuts in October and December have enhanced the appeal of non-yielding assets, while friction between Russia and NATO, as well as escalating conflicts in the Middle East, have provided safe-haven demand for gold. Meanwhile, a slight deterioration in global risk sentiment has further boosted gold's support levels.

From a technical perspective, gold's recent surge has clearly broken through overbought territory. Although it found support at $3750, it failed to establish a firm foothold above the $3800 level. If gold loses the $3750 support, it will face the support zone of $3710-$3700, and a break below could trigger further pullbacks. However, if it can effectively break through and stabilize above $3800, it could allow bulls to regain control and continue the strong upward trend of the past month. Overall, gold maintains a medium to long-term bullish pattern, but short-term movements may consolidate within the $3750-$3800 range.

During Wednesday's Asian morning session, Brent crude oil futures rose $0.27 to $67.90 per barrel, while U.S. WTI futures gained $0.28 to $63.69. Both benchmark oil prices had risen more than $1 the previous day.

From a technical standpoint, WTI prices continue to fluctuate around the $64 level, with the short-term 5-day moving average crossing above the 20-day moving average, indicating some upward momentum. The market's key support level is currently at $63.50, and a break below could trigger further pullbacks, while the $68 resistance level above represents an important barrier. A breakthrough could push oil prices into a new upward range. Overall, the daily structure remains bullish, with short-term trends favoring consolidation with an upward bias, but whether the rally can continue will depend on U.S. official inventory data and progress in Kurdish export negotiations.