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Geopolitical risks push the market, gold and silver short-term buy then sell high.

Wesson
Wesson
06-25

The gold market opened at 2321.4 yesterday morning, then retreated to the daily low of 2317.4 before oscillating and rising. It touched a resistance point of 2333 mid-session, after which it quickly declined.

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After opening in the gold market at 2321.4 yesterday, the price initially fell to a daily low of 2317.4, then oscillated upwards. The mid-morning pressure point of 2333 led to a quick drop, but risk-aversion news caused the market to rebound by the closing session. The daily high hit 2334.8, and the day eventually closed at 2334.3, forming a candle with a long lower shadow. Such a pattern indicates a short-term technical rebound despite weekly pressures. For today's market, the positions are long at 1996 and 2028, with a stop loss at 2150. Early trading is expected to drop to around 2324 with conservative long positions at 2322 and stop loss at 2319. The target is 2335, and if breached, 2338 and 2342. The weekly technical turning point is 2342, making the final result crucial.

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Yesterday, the silver market experienced range-bound consolidation. Opening at 29.478, the price initially dropped to a daily low of 29.324, and then oscillated upwards. It reached a daily high of 29.722 before consolidation, closing at 29.57 with a doji pattern. For today, positions are long at 22.35, 22.5, and 24.45, with a stop loss at 27. If prices fall to 29.3, go long with a stop loss at 29.1. The targets are 29.5 and 29.75; if these are breached, 29.9-30 becomes the focus.

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In the Euro-American market, prices opened slightly lower at 1.06884 yesterday, rebounded from 1.06836, and oscillated upwards. The daily high was 1.07465 and closed at 1.07340, forming a candle with a long upper shadow. For today, positions are long at 1.07100 with a stop loss at 1.06900. The targets are 1.07450 and 1.07650-1.07800.

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Yesterday, the crude oil market experienced significant range-bound volatility. Opening at 80.84, the price initially fell to a daily low of 80.53 before oscillating upwards. It hit the mid-morning pressure point of 81.5, then quickly dropped again to 80.56. Stimulated by risk-aversion news, prices surged, reaching a daily high of 82.1 and closing at 82.06 with a large candle with a long lower shadow, indicating bullish sentiment. For today, positions are long at 81.5 with a stop loss at 81. The target is 82.1, and if breached, 82.5 and 83 become the focus.

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Yesterday, the Nasdaq Composite Index opened high at 19751.81, slightly rose to 19758.36, then fell to 19643.86, quickly rebounded, then dipped again. The daily low hit 19456.31 before consolidating. It closed at 19479.21 with a large bearish candlestick. For today, the position is short at 19600 with a stop loss at 19650. The target is 19455, and if breached, 19400, 19360, and 19310 become the focus.

Fundamentally, geopolitical tensions escalated yesterday as Ukraine attacked over 30 Russian refineries, docks, and oil depots using long-range ballistic missiles provided by the United States. Russia summoned the US ambassador in response. Additionally, a potential full-scale conflict between Lebanon and Israel added to the risk-aversion sentiment, boosting gold, silver, and oil markets. From the Federal Reserve, Cleveland Fed President Mester suggested keeping the option to sell mortgage-backed securities, while Chicago Fed President Goolsbee expressed hope for more confidence in handling inflation. San Francisco Fed President Daly noted risks of rising unemployment. The treasury yield drop also supported commodities. Today, focus on speeches at 19:00 by Fed Governor Bowman on monetary policy and banking capital reforms, followed by the US April FHFA House Price Index and April S&P/CS 20-City Home Price Index at 21:00. At 22:00, watch for the US June Consumer Confidence Index and Richmond Fed Manufacturing Index.

Operations

Gold: Positions long at 1996 and 2028 with a stop loss at 2150. For today's market, anticipate an early drop to around 2324, with conservative long positions at 2322 and a stop loss at 2319. The target is 2335, and if breached, the focus shifts to 2338 and 2342. The weekly technical reversal point is 2342, making the outcome significant.

Silver: Positions long at 22.35, 22.5, and 24.45 with a stop loss at 27 after partially reducing positions. Today's plan: if prices drop to 29.3, take a light long position with a stop loss at 29.1. The targets are 29.5 and 29.75; if breached, 29.9-30 becomes the focus.

EUR/USD: Today, long at 1.07100 with a stop loss at 1.06900. The targets are 1.07450 and 1.07650-1.07800.

US Crude Oil: Today, long at 81.5 with a stop loss at 81. The target is 82.1, and if breached, the focus shifts to 82.5 and 83.

Nasdaq: Today, short at 19600 with a stop loss at 19650. The target is 19455, and if breached, the focus shifts to 19400, 19360, and 19310.

Yesterday, short at 2332 and reduced position at 2325

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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