黄力晨：降息预期叠加避险买盘 支撑黄金保持上升趋势

Group 1 - The core viewpoint is that gold prices are supported by expectations of further interest rate cuts by the Federal Reserve and ongoing geopolitical risks, leading to a strong upward trend in gold prices [1][2][4] - Gold has experienced its eighth consecutive week of gains and has set new historical highs for six consecutive weeks, indicating a robust market performance [2] - Following a 25 basis point rate cut by the Federal Reserve in September, market expectations for two additional rate cuts this year have intensified, providing a solid support base for gold prices [2] Group 2 - The recent geopolitical tensions, particularly concerns over a potential U.S. government shutdown, have heightened risk aversion, further bolstering demand for gold [2] - Technical analysis shows that gold has broken through key resistance levels, with support levels identified at $3920 and $3900, while the upper resistance is at $3950 [4] - Indicators such as the 5-day moving average and MACD suggest that bullish sentiment remains strong, although gold is currently in an overbought state [4]