On Monday, August 25th, the benchmark 10-year U.S. Treasury yield fell 3.4 basis points to close at 4.702%, while the 2-year Treasury yield, which is sensitive to Federal Reserve policy expectations, declined 1.2 basis points to 4.232%. Spot gold maintained its upward momentum during the session, briefly surging above the $4,680 mark before retreating, ultimately closing 1.05% higher at $4,651.65 per ounce. Spot silver experienced persistent volatility throughout the day, finishing nearly flat with a 0.01% gain at $68.95 per ounce.

In the energy sector, crude oil prices opened with a downward gap and continued to fluctuate as some investors locked in recent profits and dismissed the impact of new U.S. sanctions against Iran. WTI crude traded above $84 and closed 2.03% lower at $84.55 per barrel, while Brent crude settled 2.17% lower at $90.39 per barrel.

Gold Price Action and Technical Outlook

The gold market opened at $4,614 per ounce during yesterday's early Asian session, initially retreating to hit a daily low of $4,593.30 per ounce. The metal then mounted a strong rally, reaching a daily high of $4,681 per ounce before pulling back during the U.S. session. The daily candle closed at $4,652.10 per ounce, forming a medium bullish candlestick with an upper shadow slightly longer than the lower shadow. This closing pattern suggests that bullish momentum in gold is poised to extend further.

In summary, after a period of consolidation, gold has broken out to the upside, and the bullish trend is likely to continue. For today's trading strategy, the priority should be to initiate long positions on pullbacks, with short-selling as a secondary approach at higher levels. Key resistance levels to watch are $4,730-$4,785, while support lies at $4,650-$4,610.

Crude Oil Price Action and Technical Outlook

U.S. crude oil opened lower at $87.01 per barrel yesterday, briefly filling the gap to reach $87.09 per barrel before undergoing a strong downward correction. The market hit a daily low of $84.89 per barrel before stabilizing, eventually closing at $85.47 per barrel. The daily chart formed a medium bearish candlestick with a notably long lower shadow, indicating that today's session may show signs of a potential pullback and stabilization.

To summarize, despite the sharp decline from recent highs, the broader bullish structure for crude oil remains intact. For today's trading approach, long positions on dips should be prioritized, with short-selling at higher levels as a secondary tactic. Watch resistance at $87.4-$89.5 and support at $84.3-$83.0.

Nasdaq Index Price Action and Technical Outlook

The Nasdaq index opened at 29,317.83 yesterday, ticking up slightly to 29,398.19 before reversing sharply lower. The index fell to a daily low of 28,859.12 before stabilizing and closing at 29,036.58. The daily candle printed a large bearish candlestick with a long lower shadow, suggesting the index faces further downward pressure.

In conclusion, the Nasdaq failed to sustain its upward trajectory after consolidation, and the bearish platform appears to be shifting lower, increasing the probability of continued downside. For today's trading, consider selling on rebounds as the primary strategy, with selective long positions on dips for short-term trades. Key resistance is seen at 29,450-29,700, while support is at 28,800-28,500.