Core Viewpoint - The overall market trend is currently facing resistance at the 4500 level, with a short-term ideal scenario being a pullback that does not drop below the 4400 support level, especially with the upcoming non-farm payroll data [1][3] Market Analysis - The market opened at a high of 4500 before quickly pulling back to a low of around 4425, closing near the 4460 mark, indicating that the potential for gold's upward movement has not yet been fully realized [1][3] - The geopolitical crisis is contributing to the expectation of gold's price increase, suggesting that waiting for a high-level pullback may require patience until the next cycle [1][3] Technical Indicators - The four-hour technical chart indicates a death cross adjustment, which has completed, and the focus is now on the gold bulls forming a golden cross to break through the 4500 resistance level [2][4] - The Bollinger Bands are opening upwards, but the upper band shows slight signs of turning, with prices operating between the middle and upper bands, where the middle band at 4460 serves as a key pivot point for short-term fluctuations [2][4] - The hourly MACD indicator shows a clear divergence, with the DIFF line rising while prices fail to reach new highs, indicating a potential technical correction in the short term [2][4] Support and Resistance Levels - The key support level to watch is the 4400 mark; if this level holds, the market is likely to maintain high-level consolidation, using time to alleviate overbought pressure [2][4] - If the price breaks below 4400, a further pullback could extend to the 4395-4405 range, which coincides with multiple support levels, including the 10-day moving average and the annual average [2][4] - The focus remains on whether the 4460 level can hold, while the 4500 resistance may not be easily breached unless significant geopolitical developments occur [2][4]

Group 1: Gold Market Analysis - The current gold price is around $3340 per ounce, with a significant increase of 1.1% on the previous day, closing at $3338.70 per ounce after a rise of $35.99 [1] - The market is anticipating the ADP employment data, which is expected to influence gold prices significantly [1] - The Federal Reserve Chairman Jerome Powell indicated that more economic data is needed before initiating monetary easing, but did not rule out the possibility of a rate cut in July, which could enhance gold's appeal as it does not yield interest [1] Group 2: Technical Analysis of Gold - The recent upward trend in gold prices suggests a potential short-selling opportunity, as the market has seen a significant number of short positions being liquidated [2] - The critical resistance level for gold is identified at $3358, while a support level is noted at $3326, with a potential downward movement towards $3300 if the support is breached [4] Group 3: Oil Market Analysis - Current oil prices are stable, with WTI at $65.42 per barrel and Brent at $67.09 per barrel, reflecting a cautious balance among multiple market factors [5] - The market is closely monitoring OPEC+ supply plans and U.S. economic data, which are pivotal in shaping oil price movements [5] - The upcoming OPEC+ meeting on July 6 and potential Fed rate cuts are key variables that could influence future oil prices [5] Group 4: Technical Analysis of Oil - The medium-term outlook for oil remains bullish, with a potential upward test towards $78, although short-term momentum indicators suggest a high-level consolidation phase [6] - The recommended trading strategy for oil includes buying on dips and selling on rebounds, with resistance levels at $68.0-$69.0 and support levels at $64.5-$63.5 [6]

Group 1: Gold Market Analysis - Gold prices are currently experiencing a narrow upward fluctuation, trading around $3385.95 per ounce, following a 0.56% increase on June 4, closing at $3372.18 per ounce [2] - The decline in the US dollar index by 0.5% to 98.80 and the drop in the 10-year US Treasury yield from 4.629% to 4.365% have made gold more attractive to investors, supporting the price increase [2] - Technical analysis indicates that gold is in a high-level consolidation phase, with key support levels at $3355-58 and resistance at $3410-3420, suggesting a cautious approach to trading [5][3] Group 2: Oil Market Analysis - International oil prices are under pressure, currently trading at $62.75 per barrel, influenced by rising gasoline and distillate inventories in the US, indicating weak demand [6] - The market is facing dual pressures from OPEC+ production increases and rising US inventories, leading to concerns about the recovery of global consumption [6] - Technical analysis suggests a downward trend for oil prices, with expectations of testing lower levels around $50 after a period of consolidation [7]