黄金今日行情走势要点分析（2025.10.29）

Group 1 - The core viewpoint of the article highlights the fluctuations in gold prices influenced by trade negotiations between the US and China, as well as the Federal Reserve's monetary policy expectations [2][3][5] - Gold prices experienced a decline after reaching a high of 4020, dropping to a low of 3886 before stabilizing and showing signs of recovery [1][7] - The market sentiment is optimistic due to the potential trade agreement framework between the US and China, leading to decreased demand for gold as a safe-haven asset [2][3] Group 2 - The Federal Reserve is expected to cut interest rates by 25 basis points on October 29, with a high probability of another cut in December, which typically supports gold prices but is overshadowed by trade optimism [3][4] - Economic indicators show that US stock indices are at record highs, with strong performance in technology stocks, resulting in capital outflows from gold [3][5] - Key upcoming economic data includes the US pending home sales index and the Federal Reserve's interest rate decision, which could further impact market dynamics [3][11] Group 3 - From a technical perspective, gold prices are in a correction phase after hitting a resistance level at 4381, with significant support at 3886 [7][9] - Short-term resistance levels to watch include 4030, with potential upward targets at 4075, 4134, and 4192/4193 if the price breaks above [7][9] - The four-hour analysis indicates that if the current downtrend continues, the market should be monitored for a potential upward movement after a stabilization phase [9]