Core Viewpoint - Gold prices have significantly declined, potentially marking the worst weekly performance in six months due to a stronger dollar and reduced demand for safe-haven assets following a temporary trade agreement between China and the U.S. [1][3] Market Analysis - The easing of trade tensions between China and the U.S. is the primary bearish factor for the gold market this week, as the announcement of temporary tariff reductions shifted market sentiment from panic to optimism [3] - The Federal Reserve is expected to maintain high interest rates in the short term, with recent comments from officials indicating no urgency to cut rates, which has cooled expectations for rate cuts until December [3] - Investors are advised to closely monitor upcoming U.S. economic data, such as CPI and employment figures, which could reinforce or alter the Fed's hawkish stance and impact gold prices [3] Price Movement - Gold prices have dropped over 4% this week, with current trading around $3,175 per ounce, having broken below the $3,200 mark [1][3] - The price trend suggests a potential target around $2,900, with possible short-term rebounds viewed merely as corrections [3] - Recent analysis indicates that the recent upward movement to $3,252 has ended, and a downward trend is anticipated, with key resistance levels identified at $3,220 and $3,188 [5][7] Technical Indicators - The market is currently observing a bearish trend, with significant resistance at $3,193 and support around $3,147, which, if broken, could lead to further declines towards $3,080 [7] - The analysis emphasizes the importance of effective position management and risk control in trading strategies, highlighting the need for a disciplined approach to market fluctuations [7]
秦氏金升:5.16伦敦金延续看空不变,黄金行情走势分析及操作建议
Sou Hu Cai Jing·2025-05-16 15:34