Core Viewpoint - The international gold market is experiencing a strong upward trend, driven by escalating trade tensions and a weakening US dollar, which enhances gold's appeal to international investors [3][4]. Market Performance - As of April 21, gold prices reached $3,383.35 per ounce, up 1.67% from the opening price of $3,334.11 per ounce, with a daily high of $3,385.22 and a low of $3,328.24 [1]. - The market sentiment remains focused on gold as a safe-haven asset amid concerns over US debt and the credibility of the dollar [3]. Fundamental Analysis - The ongoing trade tensions, exacerbated by US President Trump's tariff policies, have heightened fears of global supply chain disruptions, contributing to a forecasted 0.2% contraction in global goods trade by the World Trade Organization [3]. - Federal Reserve Chairman Jerome Powell's cautious stance on interest rate cuts, alongside persistent inflationary pressures and uneven economic growth, further supports gold prices [3]. Technical Analysis - The current gold price movement is primarily driven by risk aversion stemming from tariff conflicts, with expectations of a potential price drop if tensions ease [3]. - Recent price action shows a bullish trend, with the potential to reach the $3,402 resistance level, while the support level is noted at $3,357 [4]. Strategy Recommendations - The initial strategy for the week suggests focusing on buying during price pullbacks, with a target of $3,400 and a stop-loss set at $3,356 [6]. - If no pullback occurs, a direct buy strategy is recommended, maintaining the same target [6].
黄金无视回调直冲3385!美联储降息信号+美元疲软,多头狂欢开启!
Sou Hu Cai Jing·2025-04-21 05:03