Gold Market Trend Analysis:

October 13th Gold Market Analysis: On Friday (October 10th) during the late US trading session, spot gold fluctuated around $2,015 per ounce. In the previous trading day, gold ended its four-day consecutive rally and turned to significant decline, before resuming moderate gains on Friday. The previous four trading days had accumulated gains of over 4.5%. Despite the short-term decline, bullish sentiment continues to dominate the market, primarily benefiting from global major central banks' interest rate cuts, and secondarily supported by market confidence trends. As long as these influencing factors persist, gold may continue to receive stable buying support. The Federal Reserve released the minutes of its latest rate meeting on September 17th on Wednesday. Although some committee members expressed concerns about inflation persistence, the overall consensus still leans toward further rate cuts, so the minutes did not cause major market surprises. As long as US rate cut expectations continue and bond yields keep declining, gold is likely to maintain strong upward momentum, consolidating its dominant bullish bias in the medium to short term.

Gold Technical Analysis: From a technical analysis perspective, although the daily chart showed a large bearish candle and broke below the 5-day moving average, the key support of the 10-day moving average has not been breached, and prices remain well above the crucial $1,900 level that determines trend reversal, keeping the overall bullish structure intact. On the H4 timeframe, Bollinger Bands are beginning to contract, suggesting gold prices may enter a high-level consolidation phase, with the main fluctuation range tentatively viewed between $1,930-$2,060. Notably, gold prices quickly rebounded after falling to $1,945, indicating strong buying support at that level, reducing the likelihood of further significant downside exploration on Friday. For intraday trading strategy, we should continue to maintain the approach of buying on dips. Specifically, the primary support below can focus on the $1,950 level, where long positions can be established. If the market shows high-level consolidation, upside targets can first look toward above $2,000; if momentum accumulates for a unidirectional upward move, it may challenge $2,020 or even the previous high near $2,060. In summary, operations should maintain a "buy low" approach, following the trend without blindly calling tops, with the key being to grasp entry timing during pullbacks. Overall, today's short-term trading approach for gold suggests focusing on buying on dips, with counter-trend short selling as secondary. Key resistance above is at $2,080-$2,090, while key support below is at $2,035-$2,025.

Oil Market Trend Analysis:

Oil Market Analysis: During Friday's US trading session, West Texas Intermediate (WTI) crude oil continued its pullback momentum, trading around $78.20 per barrel. According to market surveys, Israel and Hamas have officially signed a ceasefire agreement, marking a temporary easing of tensions in the Middle East region. The agreement includes arrangements for partial troop withdrawal and release of detained personnel, with markets generally believing this will reduce the risk of oil supply disruptions. As the Middle East accounts for approximately one-third of global oil exports, the decline in geopolitical risk premium has put short-term pressure on WTI. Meanwhile, the US government shutdown has continued for ten days, with Congress still not passing the budget, causing some federal agencies to halt operations. Markets are concerned this will weaken US economic vitality and suppress energy consumption demand. WTI's current trajectory reflects characteristics of "political risk subsiding, economic expectations dominating." The Middle East situation easing has caused oil prices to lose upward momentum, while the US fiscal impasse has intensified uncertainty on the demand side.

Oil Technical Analysis: From the daily chart perspective, oil prices have broken below the range support, with medium-term objective trends pointing downward. Oil prices are fluctuating near the lower boundary of the range. MACD indicators show fast and slow lines below the zero axis, with bearish momentum having the advantage. The probability of medium-term crude oil moving in a downward oscillation pattern is relatively high. For short-term (1H) trends, the second upward probe failed to break through, falling again after encountering resistance at $82.30. The moving average system shows bearish alignment, with short-term objective trend direction pointing downward. MACD indicators show fast and slow lines crossing downward with expanding divergence, demonstrating ample bearish momentum. Early session oil prices showed weak rebounds, and intraday crude oil trends are expected to maintain a predominantly declining rhythm. Overall, today's operational approach for crude oil suggests focusing on selling on rallies, with buying on dips as secondary. Key resistance above is at $81.0-$82.0, while key support below is at $78.0-$77.0.