Core Viewpoint - The international gold price experienced fluctuations and a slight decline, influenced by comments from the Dallas Fed President regarding cautious interest rate cuts, while market expectations for a rate cut in October remain high [1][3]. Market Performance - On October 2, gold opened at $3865.86 per ounce, reached a high of $3896.74, and then fell to a low of $3819.28, closing at $3856.15, with a daily range of $77.46 and a decline of 0.25% [1]. - The overall trend indicates that gold has not broken below the 5-day moving average support, suggesting a potential upward movement unless it falls below the $3800 mark [1][3]. Economic Indicators - The market is awaiting the release of non-farm payroll data, which may be delayed due to the U.S. government shutdown, but expectations remain that the data will be favorable for gold prices [5]. - The ADP report indicated a larger-than-expected decline, which could also support a positive outlook for gold prices [5]. Technical Analysis - The weekly chart shows that gold has tested the mid-line support for the fourth time since its rise last year, indicating a strong bullish trend, although there is a risk of a pullback if it closes below $3815 [7]. - The daily chart reflects a potential bearish outlook due to two consecutive days of topping patterns, but as long as it remains above the 10-day moving average, the bullish perspective is maintained [9]. Support and Resistance Levels - Key support levels for gold are identified at $3840 and $3815, while resistance levels are at $3875 and $3895 [10]. - For silver, support is noted at $46.55 and $46.10, with resistance at $47.70 and $47.90 [10].
张尧浠:鹰言打压金价跳水、多头觊觎非农及降息再走强
Sou Hu Cai Jing·2025-10-03 01:48