金晟富：10.28黄金独家目标3950符合预期！后市黄金分析参考

Core Viewpoint - The recent decline in gold prices is attributed to improved US-China trade relations, which has reduced demand for gold as a safe-haven asset, while market focus shifts to the upcoming Federal Reserve interest rate decision [1][2]. Group 1: Market Trends - On October 27, gold prices fell by 3.24%, trading at $3,971.08 per ounce, following a nine-week rally that saw prices peak above $4,300 due to geopolitical risks and monetary easing expectations [1]. - The recent drop in gold prices is linked to a preliminary agreement reached between US and Chinese officials during the ASEAN meetings, indicating a potential extension of the trade truce and reduced risks of renewed trade tensions [1][2]. Group 2: Economic Indicators - The upcoming week is significant for the gold market, with multiple central banks, including the Federal Reserve, expected to announce interest rate decisions, alongside the release of key economic data such as the September core PCE price index and Q3 US GDP figures [2]. - Market expectations for a 25 basis point rate cut by the Federal Reserve are supported by weaker-than-expected US consumer price index (CPI) data, which may limit further declines in gold prices [2]. Group 3: Technical Analysis - Technical analysis indicates that gold has broken below the $4,000 support level, with further downward movement expected, targeting levels around $3,945 [2][4]. - The current trading strategy suggests a focus on short positions, with recommendations to sell on rebounds near the $4,004-$4,010 range, while potential long positions could be considered near $3,945-$3,950 [4].