ETO Markets：黄金涨势在4060美元附近暂停，市场等待鲍威尔讲话

Core Viewpoint - Gold prices continue to show strong bullish momentum, recently touching $4060, with a slight pullback to the psychological level of $4000 being quickly absorbed by buying interest [1][3]. Fundamental Drivers - Ongoing U.S. government shutdown and lack of clear agreements on the debt ceiling and spending limits have raised investor concerns, increasing the demand for gold as a safe-haven asset [3]. - The Federal Reserve's meeting minutes indicate a focus on growth risks rather than inflation pressures, enhancing gold's appeal as a hedge [3]. - Geopolitical risks, particularly in the Middle East and Europe, continue to attract global attention, further supporting gold demand [3]. - Despite record high gold prices, central banks worldwide are still increasing their gold reserves, indicating strong structural demand for gold in the long term [4]. - Persistently low bond yields make non-yielding gold a valuable store of value [5]. Technical Drivers - Gold maintains a strong bullish market structure, supported by stability above the $4000 psychological level and a series of higher highs and lows, indicating a continuation of the bullish rebound [6]. - Recent resistance levels at $4048-$4053 have limited upward attempts, with bulls needing to break through this resistance for further gains [7]. - The 5-day moving average on the 4-hour chart is at $4032, showing bullish momentum, while levels below $4018-$4008 may present additional buying opportunities [8]. - Daily and monthly RSI readings are at 90, indicating overbought conditions, suggesting caution regarding potential price corrections from these levels or the next bullish target of $4115 [9]. Overall Outlook - Gold retains a strong bullish momentum aligned with the primary trend, but the likelihood of a price correction is increasing, potentially around $4115 or sooner [10]. - As long as the sequence of higher highs and lows remains intact, the bullish rebound will continue [11].