On October 13, from a news perspective, the US Dollar Index showed a three-day losing streak on the 4-hour chart, with short-term weakness providing supportive tailwinds for gold prices. The market's current focus is on the upcoming US inflation data, as investors await new clues on the Federal Reserve's rate path. The short-term softening of the dollar has given gold some breathing room, but ahead of Wednesday's CPI release, market sentiment remains cautious.

On Tuesday, gold prices traded above the middle band of the 4-hour Bollinger Bands, with the short-term trend leaning bullish. Spot gold traded in the $4,160-$4,195 range during Asian morning session, edging up 0.4% intraday, after touching a one-week high of $4,217 on Monday. On the technical front, today's bull-bear dividing line is referenced at the 4,225-4,227 range. The upper Bollinger Band on the 4-hour chart is expanding upward at 4,227, while the daily SAR indicator pressure has shifted down to 4,225, forming a overlapping resistance zone. If there is a solid breakout above, then 4,342 and 4,353 are referenced as the next resistance targets.

On the support side, first watch the 1-hour Bollinger middle band at 4,172 and the 1-hour Bollinger lower band at 4,150 as two key levels. As long as this week's low is not broken, lower support levels will not be considered for now. In terms of correlations, note that the dollar and crude oil are falling in tandem intraday. Dollar weakness directly benefits gold, while oil declines somewhat ease inflation concerns, providing indirect support for gold prices. However, it should be noted that despite the dollar's short-term weakness, the dollar overall remains in a strong posture, and continued gold purchases by global central banks provide bottom support for prices.

Overall, the short-term technical picture leans bullish. Today's strategy suggests buying on pullbacks as the primary approach, and only considering short positions after encountering resistance at highs. Focus on whether the 4,225-4,227 zone can be broken through; if it cannot effectively break above, maintain a range-bound trading approach. Gold reference strategy: current live quote at 4,191. 1. Buy on pullback to the 4,175-4,167 zone, stop loss at 4,160, target 4,200-4,225; 2. Sell on rebound to the 4,222-4,228 zone, stop loss at 4,235, target 4,200-4,182.

On Tuesday, international oil prices weakened in the short term. WTI crude oil futures fell about 0.96% to $92.84 per barrel, while Brent crude briefly extended losses to 1%, quoted at $105.58 per barrel. In the previous trading session, oil prices had risen about $2, but the rally failed to sustain, with market sentiment returning to caution amid mixed news. Supply-side news was mixed. The seven OPEC+ nations have decided to keep current production unchanged in November, the same level as September, marking the second consecutive month of pausing output increases. However, due to Middle East conflicts, Gulf oil-producing countries' actual exports have remained at only 60% to 80% of normal levels in recent months, with most production increase plans failing to materialize.

On the inventory front, the EIA report showed US commercial crude inventories fell by 3.2 million barrels to 424.1 million barrels, a decline significantly exceeding analyst expectations of 1.7 million barrels, providing some bottom support for oil prices. Technically, the daily crude oil chart has narrowed again, and the daily Z-turn indicator has shown a top signal, suggesting upward pressure is building. Short-term indicators present conflicting signals: the 1-hour Bollinger lower band is expanding downward, but the 4-hour Bollinger lower band is moving upward. This contradiction intuitively reflects that the market is waiting for a clear direction to emerge. Before a breakout occurs, treat it as a regular range-bound movement.

On the resistance side, watch the pressure range formed by the 1-hour SAR parabolic indicator at 93.5 and yesterday's high of 94.3. For an upward breakout, focus on the 95 mark that has been repeatedly mentioned, with the daily Bollinger upper band shifting down from 95.8 to 95.5. On the support side, watch the daily MA10 at 91.2, the 4-hour MA60 overlapping with the weekly MA10 at 90.6, and for further downside deviation, focus on this week's low of 89.5. Overall, crude oil prices did not show a directional breakout early in the week. Today's approach is tentatively range-bound consolidation, and follow the trend after a breakout occurs. Crude oil reference strategy: current live quote at 92.4. 1. Sell on rebound to the 93.5-94.1 zone, stop loss at 94.6, target 92.5-91.2; 2. Buy on pullback at 90.7, add to long at 90.1, stop loss at 89.5, target 92.8-94.3; 3. Place sell order at 95.3 at highs, stop loss at 96.2, target 93.5-91.5; 4. Place buy orders at 88.5 and 87.5 at lows, stop loss at 86.6, target 92.2-94.3.