Latest gold market trend analysis:

On Thursday, the European market opened, and spot gold slightly declined, now priced around $4720; Lao Yu believes that gold is likely to fluctuate back and forth in the short term. In the long term, due to geopolitical instability and the possibility of the Federal Reserve cutting interest rates, gold remains worth paying attention to. Everyone should closely monitor this week's U.S. inflation data and the progress of U.S.-Iran negotiations in Pakistan. On Wednesday (April 8), the U.S. and Iran agreed to a two-week ceasefire, causing gold to surge over 3%, peaking at $4856; the ceasefire news drove oil prices below $100, weakened the dollar, and eased inflationary pressures, leading the market to bet on the Federal Reserve cutting interest rates, benefiting gold. Lao Yu feels that this rise is more about the market breathing a sigh of relief, but there are still many variables in the negotiations, and whether the Strait of Hormuz can be reopened is key.

Technically, the daily line has formed a doji at a high position, mainly influenced by news, not a reversal caused by the outflow of main funds. The closing is just near the middle track of the daily Bollinger Bands, with intense competition between bulls and bears. The trends on Thursday and Friday are crucial: if a bullish line is formed and holds, it could continue to rise, potentially reaching 4860; if it continues to fall and forms a bearish line, it will test the previous low point of 4550.

From a 4-hour perspective, the market has been in a volatile trend, with strong support at 4700 (Bollinger middle track), making it difficult to break directly. In terms of operations, Lao Yu suggests: relying on the support at 4700, first look for a rebound; if the Asian and European sessions stabilize and rise, the first target is 4760, and if the upward momentum is strong, look for 4800; during the U.S. session, focus on the PCE data and adjust operations based on the data. Overall, today's short-term trading strategy for gold is mainly to short on rebounds and long on corrections, with key resistance above at 4760-4800 and key support below at 4690-4650.

Latest trend analysis for crude oil:

On Thursday, during the European session, WTI crude oil is around $97.20 per barrel, and today the oil price may continue to surge. On Wednesday, international oil prices plummeted, with both WTI and Brent falling below $100: Brent dropped 13.29% to $94.75, and WTI fell 16.41% to $94.41, mainly due to news of a ceasefire between the U.S. and Iran and the potential reopening of the Strait of Hormuz. According to data from the U.S. Energy Information Administration, crude oil inventories increased by 3.1 million barrels last week (totaling 464.7 million barrels), significantly higher than the expected 701,000 barrels.

From a daily perspective, the previous geopolitical situation pushed oil prices above $110, with moving averages diverging upwards, and the medium-term trend still looks bullish, with strong bullish momentum despite high-level fluctuations. In the short term (1 hour), crude oil is fluctuating at a low level, oscillating around 90, with moving averages suppressing prices, indicating a downward short-term trend; the MACD is showing a golden cross at a low level but bears still have the advantage. It is expected that crude oil is likely to fluctuate downwards today. Overall, today's trading strategy for crude oil is mainly to short on rebounds and long on corrections, with resistance above at 105.0-110.0 and support below at 92.0-87.0.#黄金 $XAU