张尧浠：金价反弹目标如期触及、3500阻力转支撑

Core Viewpoint - International gold prices have rebounded strongly due to rising risk aversion and expectations of interest rate cuts, reaching historical highs and maintaining bullish momentum, although caution is advised regarding potential pullbacks [1][3]. Price Movement Summary - Gold opened at $3475.85 per ounce, peaked at $3508 before retreating, then fluctuated to a low of $3470.17, and ultimately closed at $3533.15, marking a daily increase of $57.3 or 1.65% [3]. - The price is expected to face resistance around $3500, with potential support levels at $3450 or $3400 for re-entry opportunities [1][10]. Market Outlook - The market is anticipating U.S. economic data releases, including July JOLTs job openings and factory orders, which are expected to be bearish for gold prices [5]. - Trump's announcement regarding tariffs could impact gold prices significantly, with potential pullbacks if the appeals are rejected, while a favorable outcome could maintain bullish trends [6]. Technical Analysis - The weekly chart indicates that gold has successfully tested the midline support and is poised for further upward movement, with bullish prospects strengthened by the widening Bollinger Bands [8]. - The daily chart shows that gold has encountered resistance near $3535, and if it fails to close above this level, a period of consolidation or pullback may occur, although the overall bullish trend remains intact [10]. Support and Resistance Levels - Key support levels for gold are identified at $3500 and $3480, while resistance levels are at $3545 and $3575 [11].