Core Viewpoint - Gold prices continue to decline, dropping below $3,250, influenced by a strengthening dollar and cautious sentiment from the Federal Reserve's meeting minutes [1][3][4]. Group 1: Market Dynamics - The recent rise in the dollar is driven by strong buying interest, supported by the Federal Reserve's cautious meeting minutes and a court ruling against Trump's tariffs [4][5]. - The court ruled that Trump's tariffs were illegal, stating he lacked the authority to impose broad tariffs on goods from countries that sell more to the U.S. than they purchase [5]. - Market optimism was bolstered by Nvidia's strong earnings report, which exceeded industry expectations, contributing to the dollar's recovery [6][7]. Group 2: Technical Analysis - The Relative Strength Index (RSI) has broken below the midline, indicating a potential shift in buying interest for gold, with key support at $3,295 being breached [2][16]. - Sellers currently dominate the market, with the next critical support level for gold at $3,230, coinciding with the 50-day Simple Moving Average (SMA) [16]. - If gold closes below $3,230, attention may shift to the 61.8% Fibonacci support level at $3,168, which previously saw a rebound to a two-week high of $3,366 [17][18]. Group 3: Upcoming Economic Indicators - Focus is shifting to upcoming U.S. economic data releases, including the core Personal Consumption Expenditures (PCE) price index, which could influence the Federal Reserve's stance and potentially lead to a dollar pullback [10][11]. - Weekly unemployment claims and revised GDP data may provide trading incentives for both dollar and gold traders [12].
金价预测:黄金/美元在美国美元持续反弹中持续下跌