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(1) Analysis reasoning: Renewed tensions in the Middle East have heightened supply concerns, and uncertainties surrounding transportation through the Strait of Hormuz are supporting oil prices. However, the market still expects potential negotiations, which is limiting the price increase. The strengthening of the US dollar and high inflation expectations are suppressing demand. Coupled with previous strong gains, the market is technically consolidating at high levels, so in the short term, a fluctuating pattern is expected. (2) Key focus: Geopolitical situation, inventory data, US Dollar Index (3) Resistance: 90.00, 92.00, 95.00 (4) Support: 85.00, 82.00, 80.00

(1) Analysis: The strengthening of the US Dollar Index and the rise in US Treasury yields reinforce expectations of "higher interest rates for longer," increasing the opportunity cost of holding gold and suppressing gold prices. Although geopolitical risks still offer some safe-haven support, overall capital is more inclined toward US dollar assets. Technically, after retreating from a high, gold has entered a correction phase and is expected to fluctuate weakly in the short term.(2) Key focus: US Treasury yields, US Dollar Index, geopolitical situation(3) Resistance: 4820, 4850, 4880(4) Support: 4760, 4730, 4700;

```htmlAccording to Golden Ten Data on April 20, Oriental Yuhong recently stated during an institutional survey that since the beginning of this year, international crude oil prices have continued to rise, leading to an increase in the prices of raw materials such as asphalt. To ensure stable product quality, maintain healthy industry development, and safeguard customers' long-term interests, the company and several other leading firms in the industry have successively issued product price adjustment notices. Considering differences in the pace of customer order execution, the pricing adjustment effects will gradually be realized.```