张尧浠：鲍威尔解雇传言引爆市场、金价过山车仍将震荡调整

Core Viewpoint - The market is experiencing volatility due to rumors about the potential dismissal of Federal Reserve Chairman Jerome Powell, which has led to fluctuations in gold prices, with expectations of further adjustments and potential upward movement towards the $3400 mark [1][3][5]. Group 1: Market Dynamics - On July 16, gold prices opened at $3324.52 per ounce, initially supported by buying pressure but later faced resistance, leading to a low of $3319.51 and a high of $3376.99 during the day [3][5]. - The final closing price for gold was $3347.41, reflecting a daily increase of $22.89, or 0.69%, with a trading range of $57.48 [3][5]. - The market is currently influenced by various economic indicators, including a surprising drop in the PPI, which has reduced inflationary pressures and bolstered expectations for interest rate cuts [5][6]. Group 2: Technical Analysis - Technically, gold prices have not broken below the 10-week moving average, indicating potential support and a possible entry point for bullish positions if prices decline further [8][10]. - The daily chart shows that gold is maintaining a triangular consolidation pattern, suggesting that after this period of volatility, there may be an upward movement, with key resistance levels at $3355 and $3366 [10]. Group 3: Economic Indicators - Upcoming economic data to watch includes initial jobless claims, retail sales, and the Philadelphia Fed manufacturing index, with expectations that most of these will exert downward pressure on gold prices [5]. - The market's reaction to Trump's denial of Powell's dismissal adds uncertainty, which may increase the demand for gold as a safe-haven asset [5][6].