金价历史高位回调，美元反弹与避险需求降温

Group 1 - Gold prices have significantly retraced after reaching a historical high of $3578, driven by reduced safe-haven demand and a slight strengthening of the dollar, leading to profit-taking [1] - The market is focused on upcoming non-farm payroll data, which may determine whether gold can break through the $3600 level again [1] - The U.S. labor market slowdown provides medium-term support for gold, with the latest JOLTS job openings falling to 7.18 million, a near one-year low, reinforcing expectations for the Federal Reserve to resume rate cuts in September [1] Group 2 - Technical analysis indicates that gold has retraced to the 23.6% Fibonacci retracement level (around $3500), which coincides with the 100-day moving average, forming a key support area [4] - If gold falls below $3500, it may further decline to the $3440 level, potentially signaling a bearish trend if that level is breached [4] - Conversely, resistance is seen at $3560, and if gold breaks and stabilizes above the $3578 high, it may accelerate towards the $3600 target [5] Group 3 - President Trump has announced intentions to seek a Supreme Court ruling to overturn a federal appeals court decision regarding tariffs, which adds market uncertainty and may support gold demand [2]