金晟富：10.20黄金回调修正注意延续力度！日内黄金分析参考

Core Viewpoint - The recent surge in gold prices is driven by geopolitical tensions and market dynamics, with a notable increase of over 64% this year, despite recent fluctuations and a potential for further upward movement in the future [1][2]. Group 1: Market Dynamics - Gold reached a high of $4,274.53 per ounce due to increased demand for safe-haven assets amid renewed conflict in the Middle East, but later retreated to around $4,247.30 [1]. - The gold market is currently characterized by a fierce tug-of-war between bullish and bearish forces, influenced by geopolitical risks, trade relations, and Federal Reserve interest rate expectations [2]. - The price of gold has seen a significant increase, touching a historical high of $4,379.38 before closing at $4,247.17, marking a weekly gain of 5.69% and a ninth consecutive week of increases [1][2]. Group 2: Technical Analysis - Key support for gold is identified at $4,200, with resistance at $4,280; maintaining above $4,200 is crucial for the upward trend [4]. - The recent high of $4,274.6 was followed by a drop to $4,218, indicating potential short-term volatility, but the overall bullish trend remains intact [4]. - Short-term trading strategies suggest buying on dips around $4,200-$4,205 and selling on rallies near $4,275-$4,280, with strict stop-loss measures recommended [5].