Market Overview - Recent market volatility has left many investors confused, often leading to losses due to frequent trading and lack of a solid trading plan [1] - New investors are particularly prone to chasing trends, resulting in significant losses [1] Gold Market Analysis - As of Wednesday evening, spot gold was trading around 3741.80, experiencing fluctuations influenced by Federal Reserve Chairman Jerome Powell's cautious remarks on potential interest rate cuts [2] - Gold prices initially dropped by $15 to the $3750 mark but rebounded by nearly $30, reaching a high of $3779, supported by a rise in Hong Kong and A-share markets [2] - The dollar index's increase of 0.5% has narrowed gold's gains, yet gold maintains a bullish trend for the fourth consecutive trading day [2] - Upcoming U.S. economic data, including GDP and PCE price index, is expected to influence both the dollar and gold prices [2] Technical Analysis of Gold - The current strategy suggests maintaining a bullish outlook without chasing prices, focusing on buying on dips rather than predicting peaks [3] - Following a significant rise to $3792, gold experienced a correction to $3752, indicating a potential high-level consolidation rather than a trend reversal [3] - Strong support is identified at $3715, and as long as this level holds, a bullish trend is likely to continue [3] Short-term Gold Trading Strategy - The four-hour chart indicates a potential market top, with a possibility of further declines if prices drop on Wednesday [5] - Suggested trading strategy includes buying on dips around support levels of $3720 and $3715, while monitoring resistance at $3800 [5] Oil Market Analysis - Brent crude oil futures rose by $0.27 to $67.90 per barrel, while WTI futures increased by $0.28 to $63.69, driven primarily by supply constraints rather than demand improvements [6] - Key factors contributing to supply tightness include the ongoing export issues from Iraq's Kurdish region and declining U.S. inventories [6] - Market volatility is expected to increase, particularly with upcoming inventory data that could impact oil prices [6] Technical Analysis of Oil - The daily chart shows a weak consolidation pattern, with oil prices fluctuating around key moving averages [7] - Short-term trends indicate a potential upward movement, supported by a bullish MACD indicator [7] - Recommended trading strategy includes buying on dips while keeping an eye on resistance levels between $66.0 and $67.0 and support levels around $63.0 to $62.0 [7]

Group 1 - Brent crude oil futures rose by 2 cents to $67.24 per barrel, while WTI futures remained unchanged at $63.25, following a decline of over 2% for both contracts on Tuesday, ending a two-week upward trend [1][3] - The U.S. government has imposed an additional 25% tariff on Indian exports, raising the overall tariff rate to 50%, marking one of the highest trade restrictions in recent years [1][3] - President Trump stated that this action is a response to India's increased purchases of discounted Russian crude oil, with India being the third-largest crude oil consumer globally [3] Group 2 - Market sentiment remains tense as investors worry that the U.S. tariffs may impact India's crude oil imports and refining patterns [3] - Indian Oil Corporation and Bharat Petroleum have resumed their procurement plans for September to October, indicating that the decision to continue purchasing Russian crude will depend on price economics [3][7] - The ongoing Russia-Ukraine conflict is also affecting global energy supply and demand, with recent attacks in Ukraine damaging Russian refineries and forcing them to export more crude oil to international markets [3] Group 3 - WTI crude oil is showing a phase of support around $63, while there is significant pressure in the $65 to $66 range, indicating a lack of clear market direction [4] - A breakout above $66 could lead to a further rise towards $68, while a drop below $63 may test the $60 level again, suggesting a range-bound market awaiting further fundamental guidance [5] - The interplay between U.S. tariff policies and India's crude oil procurement behavior highlights the high interconnectivity of geopolitics and the energy market [7]