秦氏金升：3.24伦敦金震荡调整，黄金行情走势分析及操作建议

Core Viewpoint - The gold market is experiencing fluctuations, with current trading around $3022.92 per ounce, reflecting a slight decline of 0.02% [1]. Market Analysis - Last Friday, gold prices fell by 0.7% due to a stronger dollar and profit-taking, briefly touching the $3000 mark. However, geopolitical and economic uncertainties persist, alongside expectations of a Federal Reserve rate cut, which supports buying on dips and safe-haven demand. The closing price was approximately $3023.04 per ounce, marking a weekly increase of 1.17%, the third consecutive week of gains [3]. - Short-term gold price movements will depend on risk sentiment and economic data performance. A weak global PMI reading could boost safe-haven demand, while confirmation of a 2.7% annual inflation rate in the upcoming PCE data could raise hawkish expectations from the Federal Reserve, potentially lowering gold prices to $2980. Conversely, escalating geopolitical conflicts may push gold prices to retest $3050 [3]. - The ongoing expectation of a Federal Reserve rate cut, combined with global trade tensions and geopolitical risks, suggests that gold prices may maintain an upward trend. Key variables influencing gold prices include the dollar index and Federal Reserve officials' statements. If gold can reclaim the $3050 level, it may challenge the historical high of $3057.28, with a potential target of $3100 if a breakout occurs [3]. Technical Analysis - Last week, gold reached a high of $3057 and a low of $2999, ultimately closing near $3022, indicating a bullish signal. In the short term, prices are expected to oscillate between $3028 and $3010. Following a volatile trading session last Friday, Monday's focus will be on price correction, with a potential decline towards $2986-$2980. A break below $2980 could lead to further declines to $2942 and then $2920. Resistance levels are noted at $3038, $3046, and $3057 [5]. - On an hourly chart, the recent downtrend shows lower highs and lower lows. The first half of the week will focus on the strength of any rebound, determining whether the recent decline is due to profit-taking or a market peak. A bearish strategy is suggested, with key support at the $3000 level and previous high at $2954. Resistance levels to watch include $3038, $3046, and $3057 [5].