突发下跌！黄金调整还是见顶？

Core Viewpoint - The recent sharp decline in gold and silver prices is viewed as a necessary adjustment rather than a trend reversal, with expectations for continued upward movement after this correction [1][2]. Market Analysis - Gold prices fell by $114, marking the largest single-day drop since May 12, while silver dropped over $2.3, indicating a significant market reaction [1][2]. - The decline was triggered by the Gaza ceasefire agreement and a rapid retreat in silver prices after reaching historical highs, suggesting a correlation between geopolitical events and market movements [1][2]. - The overall geopolitical landscape remains supportive of gold, with ongoing tensions in Ukraine and instability in the Asia-Pacific region [2]. Economic Indicators - The U.S. government remains in a state of shutdown, delaying key economic data releases, which complicates the Federal Reserve's decision-making process regarding interest rates [1][2]. - Global central bank gold purchases continue, albeit at reduced volumes due to rising prices, providing a fundamental support for gold [2]. Technical Analysis - The recent price action indicates a technical adjustment is underway, with the loss of the 5-day moving average suggesting further testing of support levels around $3,311 and the 10-day moving average [1][2][6]. - Key price levels to watch include $4,000 as a resistance point, with potential further resistance at $4,015 and $4,030 if the market breaks above [8]. Silver Market Insights - Silver's recent failure to maintain above the $50 mark after reaching a high of $51.2 indicates a need for further consolidation before attempting another breakout [9]. - The long-term outlook for silver remains bullish, with potential targets set at $100 if the market can successfully break through the $50 resistance after the current adjustment [9].