Core Viewpoint - The geopolitical situation has eased, maintaining interest rate expectations, while gold prices show potential for bullish adjustments despite recent declines [1][3][5] Group 1: Gold Price Movements - On June 16, international gold opened high but faced resistance, closing lower at $3,385.05 per ounce, down $48.69 or 1.42% from the previous close of $3,433.74 [1][3] - The price fluctuated between $3,410 and $3,420 during the European session, and dropped to a low of $3,382.71 during the US session, indicating a bearish trend [1][3] - The market is expected to experience a rebound after testing support levels, with key resistance at $3,500 and potential targets of $3,545 and $3,700 if broken [1][3][12] Group 2: Market Influences - The easing geopolitical tensions and profit-taking by traders after reaching an 8-week high contributed to the decline in gold prices [3][5] - The US dollar index showed weakness, which initially supported gold prices, but the market's focus shifted to the Federal Reserve's interest rate decisions [3][5] - Upcoming economic data releases, such as US retail sales and import price index, are anticipated to favor gold prices, although there is a risk of a pullback [5][6] Group 3: Technical Analysis - Monthly charts indicate that gold prices remain above key support levels, suggesting potential for continued bullish trends despite recent volatility [10][12] - Weekly charts show that while gold faced resistance, the 5-10 week moving averages provide bullish support, indicating opportunities for re-entry into long positions [12][14] - Daily charts reflect a bearish reversal pattern, but numerous support levels suggest potential for rebounds, with specific price levels to watch for trading decisions [14]
张尧浠：地缘缓解利率预期不变、金价调整仍具看涨潜力
Sou Hu Cai Jing·2025-06-17 00:29