Experience has shown that when all market opinions are highly consistent, it is often on the eve of a market trend reversal. Investors need to remain calm in the face of highly uniform market rhetoric, especially after gold prices have plummeted and repeatedly hit new lows, and think calmly.
On Friday (October 25), in the Asian morning session, spot gold fluctuated at high levels, currently trading near $2,733.06 per ounce. Gold prices rose nearly 1% on Thursday, closing at $2,735.78 per ounce, close to historical highs, as persistent geopolitical worries boosted gold prices due to safe-haven demand.
Expectations of further monetary policy easing by central banks, along with gold's traditional reputation as a hedge against economic and political uncertainty, have driven gold prices up by more than 32% so far this year, setting multiple historical highs.
In terms of geopolitical situation, U.S. Secretary of State Blinken said on Thursday that the United States does not want Israel to engage in a protracted military operation in Lebanon, and all parties are currently working hard to hold new negotiations on a ceasefire and hostage agreement in Gaza. In terms of economic data, the number of initial jobless claims in the United States last week unexpectedly decreased on Thursday, but the number of continued jobless claims in mid-October rose to a nearly three-year high, indicating that the unemployed are finding it increasingly difficult to find new jobs. U.S. new home sales increased by 4.1% month-on-month in September, with an annual rate of 738,000 households, the highest in nearly a year and a half; in addition, U.S. business activity increased in October, and price pressures eased.
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U.S. Secretary of State Blinken said on Thursday that the United States does not want Israel to engage in a protracted military operation in Lebanon, and all parties are currently working hard to hold new negotiations on a ceasefire and hostage agreement in Gaza. A month after Israel launched a military strike against the Iran-backed Lebanese Hezbollah, Blinken said he hoped Iran would receive a clear message that any attack on Israel would endanger its own interests. Israel has vowed to retaliate for Iran's missile strike on October 1.
Gold Market Analysis on October 25:
Gold opened near 2,716 yesterday, and both Asian and European trading sessions were in a slow upward trend. After the U.S. trading session opened, it surged directly,刷新了 the daily new high pressure position at 2,743, a strong support position, and then closed slightly lower, with the daily line directly collecting a small positive trend. On the daily line, the Bollinger Bands are opening upward, and the K-line is temporarily fluctuating near the upper track. The MA5 and MA10 moving averages are still in an upward diverging operation, the MACD energy column is gradually shrinking, and the KDJ indicator is a golden cross. On a large cycle, today is still expected to see a bottoming and rebound, with low support still being long and looking for a rise. The intraday is expected to冲击 the previous high pressure area, with a focus on long positions at lower levels. On a short cycle, the Bollinger Bands are in a closing state, with the K-line fluctuating up and down, and the MA5 and MA10 moving averages are currently starting to run flat near the middle track. The MACD energy column is gradually shrinking, and the KDJ indicator is a golden cross. On a short cycle, today is still expected to be long at lower levels, with a focus on rising.
Gold Trading Suggestions on October 25:
1. Long positions near 2,728/2,730, stop loss of $6.5, target looking up at 2,742-2,755-2,770;
2. At any time, test 2,706/2,708 for long positions, stop loss of $6.5, target looking up at 2,718-2,736.3. Short position near 2768/2770, stop loss at 6.5 USD, target down to 2756-2742;
4. If the market changes, further advice will be given, please stay tuned;
10.25 Silver Market Analysis:
Silver opened near 33.68 yesterday, rebounded and rose during the Asian session, refreshed the daily high to around 34.3 during the European session, continued the downtrend after the US session opened, refreshed the daily low to around 33.23, and then started a low-level consolidation to close, with a doji pattern on the daily chart. On the daily chart, the Bollinger Bands are opening upwards, the K-line is oscillating, the MA5 and MA10 moving averages are turning upwards at the middle track, the MACD energy column is gradually decreasing, and the KDJ indicator is in a golden cross. On the larger cycle of the daily chart, it is still in a bottom-seeking and rebounding trend, still supporting the low position for more, looking for a rebound and upward trend. On the short cycle, the Bollinger Bands are flat, the K-line maintained operation between the upper and lower tracks yesterday, the MA5 and MA10 moving averages are currently turning upwards at the low position, the MACD energy column is increasing, and the KDJ indicator is in a death cross. On the short cycle, today's outlook is for an increase, and low-position operations are recommended.
10.25 Silver Trading Suggestions:
1. Long position near 33.43/33.56, stop loss at 33.22, target up to 34-34.54-35;
2. Long position at any time near 32.82/33, stop loss at 32.63, target up to 33.58-34;
3. Short position near 34.84/35, stop loss at 35.25, target down to 34.33-33.85;
4. If the market changes, further advice will be given, please stay tuned;
10.25 Crude Oil Market Analysis:Crude oil opened near 71 yesterday. Both the Asian and European sessions were in a rebounding and rising trend. The European session refreshed the daily high to the 72.3 level and then began to decline. After the US session opened, it continued to move downward. At the end of the day, it refreshed the daily low to the 69.7 level and closed with a fluctuating trend, with a small bearish trend on the daily line. On the daily line, the Bollinger Bands are running flat, and the K-line is under pressure from the middle rail and falling. The MA5 and MA10 moving averages are currently showing signs of running flat near the middle rail. The MACD energy column is in a state of volume operation, and the KDJ indicator is a death cross. In the short term, it is expected to see a bottoming and rebounding trend during the day, with strong support still looking for a wave of upward movement, and low-position operations are advised. In the short term, the Bollinger Bands are opening downward, and the K-line is temporarily fluctuating in the lower rail area. The MA5 and MA10 moving averages are turning downward and diverging from a high position. The MACD energy column is gradually shrinking, and the KDJ indicator is a golden cross. In the short term, it is expected to see an upward trend today, with low-position operations as the main focus.
October 25th Crude Oil Trading Suggestions:
1. Buy near 69/69.3, with a stop loss at 68, and target 71.6—73—74.8;
2. Buy at any time near 67.8/68, with a stop loss at 67, and target 69.5—72;
3. Sell near 73.5/73.7, with a stop loss at 74.6, and target 72.2—71;
4. If the market changes, suggestions will be given separately, please pay attention.
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