黄金今日行情走势要点分析（2025.10.24）

Core Viewpoint - The article discusses the current state of the gold market, highlighting geopolitical tensions, expectations of monetary policy easing by the Federal Reserve, and strong demand from both central banks and retail investors as key factors influencing gold prices. Group 1: Fundamental Analysis - Geopolitical tensions are escalating, with the Trump administration imposing sanctions on Russian energy giants and planning to restrict software exports to China, raising economic concerns and increasing demand for safe-haven assets like gold [2] - The market is pricing in a 98% probability of a 50 basis point rate cut by the Federal Reserve in 2025, with historical data indicating an average gold price increase of 6% within 60 days of a rate cut announcement, supporting the bullish outlook for gold [3] - In Q3, gold ETFs saw record inflows of $26 billion, bringing total assets to $472 billion, while central banks and retail investors continue to buy gold, indicating strong long-term demand [4] Group 2: Technical Analysis - On the daily chart, gold has entered a consolidation phase after recent declines, with a small bullish candle indicating a potential reduction in short-term bearish momentum [6] - The short-term moving averages show a death cross, suggesting ongoing adjustment pressure, with key resistance at around $1,170 and support at the 20-day moving average near $1,050 [6] - The four-hour chart indicates that gold is likely in a corrective wave, with potential resistance levels at $1,193 and $1,238, while support levels to watch are $1,050 and $1,004 [8]