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香港第一金:黄金多头盛宴临近尾声?非农前谨防高位回调风险
Sou Hu Cai Jing·2025-09-04 04:38

Fundamental Overview - The number of job openings in the US unexpectedly decreased from a revised 7.36 million in June to 7.18 million in July, the lowest level in 10 months, against an expectation of 7.378 million [1] - The Federal Reserve's Beige Book reported price increases across all 12 districts, with 11 districts indicating little to no change in overall employment levels, and one district reporting a slight decline in employment. Half of the districts also noted a decrease in immigrant labor [1] - The market is anticipating potential interest rate cuts from the Federal Reserve, with expectations possibly expanding to 50 basis points or more, depending on upcoming employment data [1] Technical Analysis - Gold prices approached the first major target of 3600, with a cautionary note on potential profit-taking ahead of the non-farm payroll data [1][5] - Short-term support levels for gold are identified at 3549-52, with further attention on 3475-80 as a critical level for maintaining upward momentum [2][6] - A potential short position may be considered if gold fails to break above 53, with key short-term resistance at 64-66 [4] Trading Strategy - The current upward trend in gold is clear, but caution is advised regarding potential adjustments and the need for stop-loss measures [6][7] - The market is advised to monitor for signals to adjust positions as gold approaches the target of 3600, with a wait-and-see approach recommended until after the non-farm data release [5][6] - Key trading levels include 3562-66 as a critical resistance zone, with 3595-3600 identified as a second target for the daily timeframe [7][8]