On Wednesday, August 20th, the benchmark 10-year Treasury yield settled at 4.651%, while the 2-year Treasury yield, which is sensitive to Fed policy expectations, closed at 4.171%. Spot gold shattered the $4,500 integer barrier, surging over $180 intraday to reach its highest level since early June, ultimately settling up 4.35% at $4,523.03 per ounce. Spot silver followed suit with a robust 5.8% gain, closing at $67.01 per ounce. Meanwhile, market participants are weighing oil price direction amid ongoing tensions in the Strait of Hormuz and reports of the U.S. military establishing secret shipping lanes. WTI crude traded sideways, edging up 0.08% to settle at $84.23 per barrel, while Brent crude gained 0.1% to close at $91.45 per barrel.

Gold's latest trajectory began with the market opening at $4,333.6 per ounce in the early session before experiencing an initial pullback, with the daily low touching $4,323.1 per ounce. Prices then staged a powerful upward push during strong volatile trading, and during the U.S. session, fundamental factors triggered a breakout above the descending channel's upper boundary at $4,435 per ounce. This sparked an aggressive rally, with the daily high reaching $4,524.5 per ounce before consolidating, and the day ultimately closing at $4,522.6 per ounce. The daily candlestick formation, a large bullish candle with a slightly longer lower shadow, confirms an effective breakout of resistance, suggesting a continued bullish outlook for today. In summary, gold's volatile breakout signals that the precious metal has climbed to a new plateau, and today's strategy favors positioning for long entries on pullbacks while maintaining short-term short positions at higher levels. Key resistance lies at $4,585-$4,650, with support at $4,486-$4,440.

WTI crude underwent range-bound consolidation yesterday, opening at $85.12 per barrel before initially rallying to $86.09 per barrel. Prices then corrected sharply, hitting a daily low of $84.06 per barrel before rebounding to a daily high of $86.5 per barrel. The market eventually pulled back to close at $84.95 per barrel, forming a shooting star pattern with a longer upper shadow on the daily chart. Despite this formation, crude remains entrenched in a bullish trend. Overall, oil's advance shows signs of stalling within a consolidative pattern, though a further breakout remains plausible. Today's approach involves accumulating long positions on dips while using short positions at higher levels for quick trades. Resistance is noted at $85.6-$86.5, with support at $83.3-$82.0. Should prices unexpectedly break below these support levels, the broader outlook could shift dramatically.

The NASDAQ index opened at $29,475.74 yesterday and traded in a range-bound pattern, reaching a daily high of $29,663.72 before a sharp decline to a daily low of $29,279.75. A subsequent rebound lifted prices to close at $29,457.49, forming a long-legged doji candlestick with equal upper and lower shadows. This pattern suggests the index may be poised for a bottoming rebound. In summary, following its bullish consolidation phase, the NASDAQ appears positioned for a potential upward breakout, and today's strategy favors building long positions on pullbacks with short positions as a secondary approach. Key resistance is seen at $29,800-$30,300, with support at $29,270-$29,100.

This content is for reference only and does not constitute investment advice. Investors should operate at their own risk based on their individual circumstances.