江沐洋：10.29黄金超跌反弹是修正还是反转，黄金走势操作建议

Core Viewpoint - The recent fluctuations in gold prices indicate a typical "high-level digestion phase" rather than a simple collapse, with current prices around $3940, down approximately 10% from the historical high of $4381.29 reached last week [1]. Group 1: Market Trends - Gold prices experienced a decline of nearly 1.3% on Tuesday, with a low point of $3886, marking a three-week low [2]. - The market is currently facing a conflict between rising risk appetite leading to a withdrawal of safe-haven funds and long-term factors such as the Federal Reserve's impending interest rate cuts, cooling employment, and slowing economic momentum, which continue to support gold prices [1]. Group 2: Technical Analysis - The current downward trend in gold prices is not yet over, with a potential target for adjustment around $3800, which aligns with the lower boundary of the daily range [2]. - Key resistance levels to watch in the short term are at $3972 and $4004, with a focus on maintaining short positions below $3960 [4]. - The 10-week moving average at $3830 may provide strong support before the Federal Reserve's interest rate decision [2].