惊险反转！三大指数V型反弹，黄金破4400美元在望

Market Overview - The A-share market is characterized by a "defense battle" at key points such as 3600, 3700, 3800, and 3900, indicating a challenging market environment compared to last year's bullish trend [1] - The current market sentiment is cautious, with a notable increase in the number of stocks trading at 1 yuan and significant selling pressure from shareholders of high-priced stocks [1] - The U.S. government is facing a shutdown crisis, raising concerns about the stability of the U.S. dollar and sovereign debt, which may lead to increased capital inflow into the gold market [1][3] Monetary Policy and Gold Market - The probability of a 25 basis point rate cut by the Federal Reserve on October 29 has risen to 95.7%, which could lower the opportunity cost of holding gold and drive up its price [1][3] - China's central bank has increased its gold reserves to 7,406 million ounces as of September, marking an 11-month consecutive increase, reflecting a bullish outlook on gold prices [1] Sector Performance - The market opened with mixed performances across sectors, with strong performances in insurance, communication equipment, and photovoltaic equipment, while wind power, forestry, cement, and steel sectors lagged [3] - The charging pile concept saw significant gains, with companies like Aotexun and Heshun Electric experiencing high openings following the announcement of a plan to build 28 million charging facilities by 2027 [3] - The military industry sector was active, with companies like Chengfei Integration and Lijun Shares seeing notable increases due to confirmed defense procurement by Indonesia [3] Technical and Sentiment Analysis - The Shanghai Composite Index showed signs of support around the 3900-point mark, indicating attempts by major funds to maintain upward momentum despite low participation [5] - The ChiNext Index also displayed upward movement, but the overall market sentiment remains cautious due to ongoing geopolitical tensions and market volatility [5][7] - The market's fear and greed index is approaching the "fear" zone, reflecting declining market confidence [3]