Gold Market Trend Analysis: On February 9th, analysis of gold market drivers: During Monday's late Asian trading session, spot gold experienced volatile gains, currently trading around $5,016 per ounce with an intraday increase of approximately 0.7%, after earlier touching near $5,046 per ounce. Amid escalating long-range strike confrontations in the Russia-Ukraine conflict, Ukrainian President Zelenskyy is actively seeking international support to prevent the destruction caused by the war from becoming "normalized" by the international community. After suffering attacks from over 3,300 various munitions within a week, he warned, "The world cannot turn a blind eye to Russian attacks. When there is no global response, the attacks become more frequent and more brutal." The conflict entering a new phase of long-range strikes and infrastructure targeting will provide significant and sustained upward support for gold prices primarily through three channels: heightened safe-haven demand, creation of energy supply uncertainty, and the triggering of geopolitical risk premiums.

Gold Technical Analysis: Gold opened higher in the early session, reaching a high near $5,045, further expanding profits for long positions established from the $4,700 level last week. Similar to last week's suggestion to place long orders at the $4,400 support level, this week also requires monitoring whether the $5,100 level is breached. Last week's analysis indicated that below $5,100, gold would likely exhibit weak, volatile consolidation with potential back-and-forth movement. However, a firm break above $5,100 would signal the start of a bullish trend, making further advances towards $5,350 and $5,600 relatively straightforward. From a technical perspective, the daily chart shows a clear upward trend. After the second test of the $4,650 level, gold rallied strongly, closing with a bullish candle and breaking above the Bollinger Band midline. Consequently, if daily candles continue to be bullish this week, a break above $5,100 is anticipated, targeting the upper Bollinger Band objective of $5,350. Whether a break above $5,600 is possible will depend on stimulus from numerous data points this week. Although the outlook is decisively bullish, caution is still warranted as gold has not yet definitively broken above $5,100, and the H4 chart's upper Bollinger Band has not opened wide. Therefore, an absolute strong trend has not been established at the start of the week, meaning a potential pullback remains possible. For shorter timeframes, initial support to watch this week is near $4,935, where considering long positions on a dip could be viable. The week's key market movements will begin on Wednesday, focusing on data-driven stimuli. Overall, the short-term trading strategy for gold today primarily recommends buying on dips, with selling on rallies as a secondary approach. Key short-term resistance above is focused around the $5,050-$5,100 zone, while key short-term support below is around the $4,970-$4,950 zone.

Crude Oil Market Trend Analysis: Analysis of crude oil market drivers: At the start of the new week, US WTI crude oil prices showed weakness. Market expectations of an easing in US-Iran relations have diminished some of the geopolitical risk premium previously priced into oil. As the probability of military conflict in the Middle East decreases, concerns about severe disruptions to crude oil supply have eased. Oil prices dipped during the Asian session but subsequently recovered from their lows, currently oscillating around $63 per barrel with an intraday loss exceeding 0.5%. Last Friday, the US and Iran held indirect talks lasting eight hours concerning Iran's nuclear program. Although significant differences in agenda-setting remain, the talks concluded with a consensus to continue advancing negotiations through diplomatic channels. With Middle East tensions somewhat alleviated, reducing the likelihood of immediate supply disruptions, oil prices consequently declined.

Crude Oil Technical Analysis: From a daily chart perspective, oil prices ended their sequence of consecutive bullish closes, with the K-line forming a large bearish candlestick. The moving average system still supports the price with a bullish alignment, and the medium-term objective trend direction remains upward. The MACD indicator is above the zero line, with bullish momentum holding an advantage, suggesting the medium-term trend for crude oil maintains an upward rhythm. In the short term (1H chart), oil price movements are caught in a range-bound consolidation pattern, with the price oscillating around the moving average system within a range of approximately $65.50 to $62.20. The MACD indicator is fluctuating around the zero line, indicating alternating bullish and bearish momentum. It is expected that intraday crude oil price action will continue to be dominated by range-bound fluctuations, suggesting a range-trading strategy. Overall, the recommended trading strategy for crude oil today prioritizes selling on rallies, with buying on dips as a secondary approach. Key short-term resistance above is focused around the $64.0-$65.0 zone, while key short-term support below is watched around the $61.5-$60.5 zone.