Core Viewpoint - The gold market is experiencing pressure due to a strong US dollar and optimistic economic data from the US, with gold prices expected to maintain a range-bound movement before potentially rising [1][3]. Group 1: Market Performance - Gold prices have dropped 0.5% this week, trading above $3,330 [3]. - The dollar index is expected to achieve its second consecutive week of gains, making gold more expensive for overseas buyers [3]. - Recent US economic data shows a 0.6% month-over-month increase in retail sales for June, exceeding market expectations [3]. Group 2: Economic Indicators - Initial jobless claims decreased by 7,000 to 221,000, better than the forecast of 235,000 [3]. - These positive indicators suggest a solid US economic foundation, reinforcing the Federal Reserve's cautious stance on monetary policy adjustments [3]. Group 3: Technical Analysis - Short-term gold prices are fluctuating within the $3,377 to $3,320 range, with a potential breakout indicating initial directional signals [3][4]. - The $3,320 to $3,300 area is expected to provide solid support, aiding gold in challenging the upper range of $3,373 to $3,377 [4]. - If gold breaks above this range, it could target psychological resistance at $3,400 and the June 16 high of $3,452 [4]. Group 4: Future Outlook - Despite recent weakness, gold has not firmly broken below the 10-week moving average support, indicating a potential for upward movement after a period of consolidation [4]. - The daily chart shows a rebound from recent lows, maintaining support above the 60-day moving average, suggesting continued range-bound adjustments [4][5]. - Key support levels to watch are around $3,330 and $3,320, while resistance is noted at $3,445 and $3,460 [5].
金价稳守60日均线支撑 后市维持震荡待涨前景
Jin Tou Wang·2025-07-18 02:27