Gold Market Update——
September 15th: Last Friday, as markets awaited this Thursday's Federal Reserve interest rate decision, the US Dollar Index exhibited overall volatility, ultimately closing up 0.12% at 97.62. The benchmark 10-year Treasury yield closed at 4.0700%, while the 2-year Treasury yield closed at 3.5620%. With Israel's airstrikes on Qatar and Russia entering Polish airspace, both major global geopolitical conflicts have escalated again. Spot gold broke through its 1980 inflation-adjusted historical peak, marking its fourth consecutive weekly gain, ultimately closing up 0.26% at $3,643.06 per ounce. Spot silver touched a 14-year high of $42.26 per ounce, ultimately closing up 1.53% at $42.16 per ounce.
Latest Gold Market Trend——
The gold market opened low at the beginning of last week at $3,580.4 per ounce, then retraced slightly to $3,577.7 per ounce. Subsequently, the market rallied strongly with volatility, reaching a weekly high of $3,675 per ounce before consolidating. The weekly close was at $3,643.4 per ounce, forming a large bullish candle with a long upper shadow. Following this pattern, bullish sentiment is expected to continue this week. Overall assessment: Gold's upward movement shows signs of hesitation, remaining within a consolidation range. Today's trading approach favors long positions on dips as the primary strategy, with short positions on rallies as secondary. Upside resistance levels to watch are $3,658-3,680, while downside support levels are $3,615-3,600.
Gold Strategy: Recommend going long in the $3,615-3,605 area upon stabilization, targeting $3,630-3,650, with stop-loss at $3,600.
Latest NASDAQ Trend——
The NASDAQ market opened last week at $23,644.91, then retraced slightly to $23,613.38. Subsequently, the market rallied strongly with volatility, reaching a weekly high of $24,139.52 before consolidating. The weekly close was at $24,088.28, forming a nearly full-bodied large bullish candle. Following this pattern and the effective breakout above previous resistance levels, there's probability for further continuation. Overall assessment: The NASDAQ remains in a bullish trend. Today's focus is on stabilization and rebounds. Trading approach favors positioning long on pullbacks as the primary strategy, with short positions on rallies as secondary. Upside levels to watch are $24,100-24,200, while downside support levels are $24,050-23,960.
NASDAQ Strategy: Recommend going long in the $24,050-24,000 area, targeting $24,150-24,200, with stop-loss at $23,950.