Yang Jinrui: Will gold and silver continue to rise after a pullback? Today's trend analysis and trading suggestions

Market Analysis:

On March 26, amid nearly a month of ongoing conflict in the Middle East, a sensational news story instantly ignited global financial markets: senior Iranian officials revealed that, despite an initially negative response, Iran is still seriously considering the U.S. proposal for a 15-point ceasefire transfer through Pakistan. This is not a direct rejection but leaves room for negotiation. At this critical moment of geopolitical chess, spot gold prices surged nearly 3% intraday on Wednesday (March 25), reaching close to the $4,600 level, ultimately closing at $4,506.49, up about 0.72%. April gold futures also soared 3.4% to $4,552.30. This volatility not only reflects investors’ safe-haven demand amid uncertainty but also highlights the complex tug-of-war between falling oil prices, easing inflation expectations, and the risk of escalating conflict. As a traditional safe-haven asset, gold is at a historic turning point. The future direction of Middle East tensions remains highly uncertain, and the current gold market stands at a crossroads. Additionally, tonight at 20:30 U.S. market time, pay attention to the impact of the U.S. initial jobless claims.

Gold Market Trend Analysis:

For friends who follow gold and silver, you’ve seen the recent price movements firsthand. We won’t use complicated technical jargon—just plain language to discuss how to view and wait for opportunities. Every word is straightforward; those familiar with the market will resonate!

On Wednesday, gold surged strongly, rising to around 4602. Many thought it would continue higher, but it couldn’t hold steady. As the U.S. market opened, it started to fluctuate downward, and by midnight, it dropped to 4485, with clear back-and-forth swings. Over the past two days, without any major news impacting the market, gold has struggled to sustain the previous bullish trend. Technically, the upward momentum is clearly weakening, and the short-term range is narrowing. The likely scenario is a sideways consolidation with oscillations.

Key levels to watch: resistance at 4600 and 4735. If these levels can’t be broken, avoid blindly chasing longs. Support levels are at 4450 and 4400; if prices fall near these, there’s a possibility of stabilization and rebound. Overall, today’s trading strategy suggests a small decline first, testing support, then a potential rebound. Don’t chase high; follow the sideways rhythm for safer trading.

Silver Market Trend Analysis:

Silver’s recent movement was similar to gold. It initially surged to a high of 74.5, then started to retreat, falling to 70.5. For those who entered positions at the lows, there’s no need to panic—holding onto your positions is fine, as there is still room for upside in the future.