Gold Market Update — On Wednesday, October 1, the benchmark 10-year U.S. Treasury yield touched its highest level since May 2002, ultimately closing up 5.4 basis points at 5.295%. The 2-year Treasury yield, which is sensitive to the Federal Reserve's policy rate, rose 1.7 basis points to 4.902%. Spot gold extended its rebound during intraday trading but ultimately pulled back, closing down 0.61% at $4,157.12 per ounce. Spot silver closed down 1.69% at $60.43 per ounce. Following news that U.S.-Iran negotiations over reopening the Strait of Hormuz reached a deadlock and that U.S. President Trump denied plans to lift sanctions on Iran in exchange for nuclear concessions, international oil prices reversed the previous day's decline and resumed their upward momentum. WTI crude oil ultimately closed up 1.57% at $89.45 per barrel, while Brent crude oil closed up 2.18% at $97.52 per barrel.

Gold Latest Price Action — In yesterday's gold market, the upward momentum continued. The session opened slightly higher at $4,081.4 per ounce in the morning, then the gap was filled at $4,076.2 per ounce before a strong rally ensued. The daily high touched $4,166.1 per ounce before consolidation. The daily candle ultimately closed at $4,130.2 per ounce, forming a medium bullish candle with a very long upper shadow. With this formation, gold remains in a bearish correction phase. In summary: gold surged then pulled back yesterday without sustaining the rally, further indicating that resistance above is strong. There is a probability of continued decline today. In terms of strategy, consider shorting on rebounds as the primary approach, with long positions on dips as secondary. Watch resistance at $4,220-$4,260 on the upside and support at $4,100-$4,050 on the downside.

Crude Oil Latest Price Action — In yesterday's U.S. crude oil market, the session opened at $85.05 per barrel in the morning, then dipped slightly to $84.85 per barrel before a strong rally. The daily high touched $89.04 per barrel before pulling back from the peak. The session ultimately closed at $86.85 per barrel, forming a medium bullish candle with a very long upper shadow. With this formation, crude oil continues to test the range. In summary: crude oil surged then pulled back, returning to rangebound adjustment. First watch resistance at $91.9 per barrel. If this level is unexpectedly broken, the market may test the $96.6 area; otherwise, it will continue to face downward pressure. Today, focus on whether resistance holds again. In terms of strategy, consider shorting on rebounds as the primary approach, with long positions on dips as secondary. Watch resistance at $91.9-$96.5 on the upside and support at $88.5-$87.5 on the downside.

Nasdaq Latest Price Action — The Nasdaq market opened yesterday at 29,127.31, then rose slightly to 29,162.1 before a strong decline. The daily low reached 28,784.85, then during the U.S. session a strong rally pushed to the daily high of 29,170.1 before consolidation. The daily candle ultimately closed at 29,000.23, forming a hammer formation with a very long lower shadow. With this formation, the Nasdaq bulls still have further upside potential. In summary: after a strong rally, the Nasdaq stabilized around the 30,000 level. If it maintains above this level today, the upward trend will remain intact. In terms of strategy, consider entering long positions on pullbacks as the primary approach, waiting for opportunities to short at higher levels. Watch resistance at 30,800-31,500 on the upside and support at 30,200-30,000 on the downside.