金荣中国：现货黄金自周五回吐涨幅后震荡收窄

Core Viewpoint - The current fluctuations in gold prices are influenced by geopolitical tensions, economic uncertainties, and the Federal Reserve's monetary policy stance, with gold prices supported by buying interest despite recent declines [1][5]. Fundamental Analysis - As of March 24, spot gold is trading around $3026 after a decline of 0.7% last Friday, attributed to a stronger dollar and profit-taking, with a weekly increase of 1.17%, marking the third consecutive week of gains [1]. - The dollar rose by 0.34% last Friday, reaching a two-week high of 104.22, making gold more expensive for overseas buyers [1]. - The Federal Reserve maintained its benchmark interest rate but indicated two potential rate cuts of 25 basis points each by the end of the year, reflecting a cautious approach amid economic uncertainties [1][2]. - New York Fed President Williams emphasized the appropriateness of the current moderately restrictive monetary policy, citing a robust labor market and the need for more time to assess economic data [2][4]. - Geopolitical events, such as Israel's military actions in Gaza and ongoing tensions in Ukraine, contribute to the global economic and political uncertainties that support gold prices [5]. Technical Analysis - On the daily chart, gold prices showed a long lower shadow on Friday, indicating strong support around the $3000 level, which traders should monitor for potential market adjustments [7]. - Short-term trading strategies suggest selling near $3030-$3033 with a stop loss at $3040 and targeting $3013/$3003, while buying near $3000-$3003 with a stop loss at $2998 and targeting $3016/$3026 [7].