Group 1 - The current spot gold price is hovering around $3183.50 per ounce, having dropped over 2% on Wednesday, reaching a low of $3167.94, the lowest since April 10 [1] - The decline in gold prices is attributed to rising optimism regarding trade, which has boosted risk appetite among investors, leading them to withdraw from the gold market [1] - Short-term outlook suggests that trade optimism and a strengthening dollar may continue to pressure gold prices, with technical indicators showing that downward risks have not been fully released [1] Group 2 - The current market is undergoing a downward ABC adjustment wave, with the A wave from $3500 to $3201 and the B wave from $3201 to $3435, currently in the C wave downtrend [2] - Key support levels to watch for the C wave decline are between $3163 and $3135, with the next Fibonacci retracement level at $3163 coinciding with a previous support level [4] - Short-term analysis indicates a bearish trend with MACD showing a death cross and increasing downward momentum, suggesting caution against chasing further declines [4]

Core Viewpoint - Bitcoin is currently priced at 104,200, indicating a potential rebound phase in the market, supported by bullish technical indicators such as MACD and engulfing patterns, although caution is advised due to possible resistance from previous highs and certain candlestick formations [1][5]. Technical Analysis - The K-line patterns, including the bullish three soldiers and engulfing patterns, suggest short-term upward momentum, while the doji and dark cloud cover may indicate potential resistance to further gains [5]. - The short-term MA7 is positioned above the price, indicating strong upward momentum, and the price has not fallen below MA30, suggesting solid support [5]. - The MACD shows increasing upward momentum, reinforcing a bullish trend, with a strategy to consider short positions only after breaking previous highs [5]. Trading Recommendations - For short-term traders, it is advised to consider buying after the price breaks previous highs while monitoring support levels such as MA(30) for stop-loss determination [3]. - For medium to long-term investors, observing changes in trading volume and further strong signals from the MACD is crucial to confirm the sustainability of market sentiment [3]. - Specific trading points suggested include buying at 102,500 and 102,000 with a target of 104,500, and selling at 105,500 and 105,800 with a target of 103,500, with a stop-loss of 500 points for both strategies [5].

Group 1: Gold Market Analysis - The core viewpoint indicates that gold prices have dropped nearly 2% due to a stronger US dollar and easing US-China trade tensions, which reduced gold's appeal as a safe-haven asset [1] - Gold's cumulative decline for the week exceeded 1%, with the US dollar index rising by 0.3%, making gold more expensive for overseas buyers and suppressing demand [1] - The easing of global uncertainties has led to a shift in investor preference towards risk assets, increasing downward pressure on gold prices [1] Group 2: Technical Analysis of Gold - After a pullback from around $3500, gold is currently facing resistance at the 23.6% Fibonacci retracement level (approximately $3368 - $3370) [3] - The price has rebounded from a low of $3265, with key support at the 38.2% Fibonacci retracement level (around $3300) [3] - Short-term trading strategy suggests focusing on short positions around $3345 - $3365 resistance and monitoring support at $3280 - $3260 [4] Group 3: Silver Market Analysis - The silver market shows key turning signals, with prices stabilizing above the MA55 moving average (32.502) and a bullish arrangement of MA14 and MA20 [6] - The MACD indicates a weakening downward momentum, while the RSI remains at 54.144, suggesting a bullish outlook [6] - Short-term trading strategy recommends short positions around $33.35 - $33.45 with a stop loss at $33.55 and targets set at $33.16 - $32.75 - $32.45 [6]

Report Information - Report Date: April 3, 2025 [1] - Report Provider: Jinxin Futures Research Institute Core Views - The stock index is likely to experience short - term shock adjustment after continuous upward oscillations, with a short - term weakening trend [2] - Various futures products have different market trends, including shock, weakening, and strengthening trends, and different investment suggestions are given based on supply - demand and technical indicators Industry Analysis by Product Stock Index - After continuous upward oscillations, it has entered a "fatigued" state. Fundamentally, listed companies are in the intensive annual report disclosure period, and some funds seek risk - avoidance. Technically, the MACD has a high - level death cross, indicating a need for further adjustment. A short - term weakening shock approach is recommended [2] General Futures (Not Specified) - Today, it showed a narrow - range weak consolidation. Recently, the rise and fall have been disorderly, and a shock approach is appropriate [5] Commodities Glass - Long - term supply intensity is high. As the traditional peak season approaches, the actual downstream demand start - up situation should be monitored. Technically, the indicators show a double golden cross [6] - Recently, some production lines have been cold - repaired again, and the spot sales and production situation has improved. With the optimistic market sentiment affected by recent policies, the actual demand still needs to be observed. Technically, it has declined today, and the short - term trend is unclear. A shock approach is recommended [8] Pulp - There is support from rigid demand and the cost side below, and the space for further decline is expected to be limited. The inventory has shown a de - stocking trend this cycle. It should be treated as a shock bottom - building [11] Urea - The restart of overhauled urea devices is expected to increase supply - side pressure, and downstream demand is expected to weaken. Urea inventory is seasonally de - stocking but is slightly high overall. Cost support is weak. Currently, the daily urea production remains high, industrial demand is expected to weaken, and the spring agricultural fertilization demand is about to end. The supply - demand is still relatively loose, and chasing up should be done with caution [14] Sugar - Domestic sugar crushing has basically ended, the weather in the Brazilian production area is good, and there is no progress in the domestic imported sugar policy. The short - term supply pressure of imported sugar sources is small. Technically, the MACD and short - term moving averages show a golden cross, and the market trend is strong [17] Rubber - The new - season tapping has gone smoothly, and the expectation of a rapid increase in supply has brought heavy pressure to the futures and spot markets. The procurement price of tire manufacturers is lower than expected and cannot provide a boost. Technically, the MACD and short - term moving averages show a death cross. After a short - term rapid decline, it is in a low - level shock consolidation [19]