张尧浠：关税推迟停摆有限、金价周尾调整回踩看涨机会

Core Viewpoint - The article discusses the recent fluctuations in gold prices, highlighting a potential bullish opportunity despite short-term adjustments due to market conditions and economic data [1][3]. Market Analysis - On October 1, gold prices opened at $3859.14 per ounce, reached a low of $3853.29, and peaked at $3895.25 before closing at $3865.54, with a daily range of $41.96 and a slight increase of $6.4 or 0.16% [1]. - The market was influenced by concerns over a potential U.S. government shutdown, but the impact was limited as Vice President Pence indicated it would not last long [3]. - The ADP employment report showed a decrease of 32,000 jobs, the largest drop since March 2023, which led traders to increase bets on two further rate cuts by the Federal Reserve this year [3]. Technical Indicators - The gold price is currently in a bullish trend, with support from the 5/10 day moving averages. A pullback is seen as an opportunity to enter long positions [1][9]. - The weekly chart indicates that gold has successfully tested the midline support multiple times since last year, suggesting a continuation of the upward trend despite potential resistance [7]. - Key support levels for gold are identified at $3840 and $3810, while resistance levels are at $3870 and $3885 [9]. Economic Data - Upcoming economic data to watch includes U.S. Challenger job cuts and initial jobless claims, with expectations leaning towards bearish implications for gold prices [5]. - The market anticipates a slight increase in non-farm payroll numbers, but the recent ADP report suggests limited upward movement [5].