Core Viewpoint - The gold market is currently in a weak oscillation state, awaiting the impact of upcoming non-farm payroll data, with key resistance at 4050 and support at 3900 [1][3]. Gold Market Analysis - Gold prices fluctuated from 3930 to 3988, showing a movement of nearly 60 USD, but ultimately did not sustain upward momentum, indicating a weak market condition [3]. - The ADP data released on Wednesday had minimal impact on gold prices, suggesting that current economic data is not a significant driver for gold's price movements [3]. - The technical analysis indicates that gold remains in a consolidation phase, with the effective trading range established between 4050 and 3900 [3][4]. Silver Market Analysis - Silver is also exhibiting a lack of trend strength, remaining in a consolidation phase with an effective trading range between 49.5 and 47 [4]. - The recent performance of silver shows a rebound without sustained momentum, closing around 47.8 [4]. Domestic Gold and Silver - Domestic gold prices showed a slight increase, closing around 917, with potential resistance at 925 and 930 depending on market strength [4]. - The Shanghai silver contract (2602) closed at 11350, within a trading range of 11000 to 11600, indicating a similar oscillation strategy as gold [5]. Oil Market Analysis - Crude oil prices have retreated to around 59.5, with a critical support level to watch; if this level breaks, it may signal an exit from long positions [5]. - The outlook for oil remains cautious, with a focus on whether it can break last week's high of 63 to confirm a bullish trend [5]. Domestic Fuel Oil - Domestic fuel oil has retraced to around 2700, presenting an opportunity for a potential long position as the market awaits further developments [5].

Group 1 - The core viewpoint is that gold remains strong supported by expectations of interest rate cuts from the Federal Reserve, successfully stabilizing above the 3700 level with a bullish moving average system providing mid-term support [1] - The MACD indicator has entered the overbought zone, indicating potential risks for short-term continuous buying, suggesting a need for technical correction or consolidation to build further upward momentum [1] - Recent market activity shows a weakening upward momentum, with gold prices breaking below the MA5 and MA10 short-term moving averages, shifting focus to the MA20 moving average support [3] Group 2 - If the MA20 support level is lost, the market may shift to a wide range of fluctuations, with a high MACD death cross signal suggesting a high short and low long strategy [3] - Key resistance levels are identified in the 3780-3785 range, while important support is located in the 3740-3745 area, with recommendations to cautiously test long positions after stabilization at support and to consider short positions upon rebound to resistance [3] - The analysis is provided by a professional market commentator with expertise in global investment trends and commodities such as oil, gold, and silver, emphasizing the timeliness and personal nature of the insights shared [6]