4.24 Market Analysis: Gold consolidates with oscillations, crude oil breaks strongly



Today’s market shows a pattern of gold weakening and oil remaining strong under pressure. Gold has fallen back from high levels and lost the $4,700 mark, entering a wide-range consolidation. The Fed’s rate cut expectations are delayed, and geopolitical safe-haven plays are intensifying, making the short-term outlook slightly weak, while the medium- to long-term bull market remains unchanged. Crude oil has surged strongly driven by Middle Eastern geopolitical factors, with WTI breaking above $98, and ongoing supply shortages supporting high oil prices, maintaining a relatively strong trend. Institutional funds are cautious, and market sentiment is cautious.

Trading Suggestions

Gold: Short-term buy low and sell high within the 4650-4720 range, stabilize at 4650 to buy, with a stop loss at 4620; resist at 4720 to sell, with a stop loss at 4750.

Crude oil: Follow the trend with mainly buy low, buy on dips at 96.5-97 USD, with a stop loss at 95.5, targeting 99-100 USD.
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