Core Viewpoint - The U.S. government shutdown has not negatively impacted the dollar, which has risen, leading to declines in gold and silver prices. The focus is now on the upcoming ADP employment data rather than the Federal Reserve's interest rate decision or the government shutdown [2][4]. Gold Market Analysis - Gold prices fell from around 4000 to a low of 3930, indicating a continuation of the previous downward trend. The market sentiment is cautious, with concerns about further declines [2][4]. - The current outlook for gold is characterized by a low-level consolidation rather than a clear bullish or bearish trend. The technical indicators suggest a potential for continued weakness, with the daily chart showing a bearish trend below the Bollinger middle band [4]. - A potential rebound is anticipated if gold can stabilize above 3975, with targets set at 4000 and 4050. Conversely, if it breaks below 3930, further declines to 3900 or 3880 may occur [5]. Silver Market Analysis - Domestic silver prices also experienced significant declines, with the Shanghai gold reaching a low of 907. The recommendation is to avoid chasing long positions and instead consider buying around 915 for Shanghai gold and 905 for domestic silver [5]. - International silver prices fell but remained around 47.2. A potential rebound is possible if prices can stabilize above 48, with targets set at 49.5 [5]. Oil Market Analysis - Oil prices have shown minor fluctuations, maintaining around 60. The bullish sentiment remains, with a focus on whether the price can break above last week's high of 63, which could lead to a target of 66 [6]. - Domestic fuel oil prices have remained stable, with a potential upward target of 3000 if bullish momentum continues. If not, adjustments may occur, with support seen around 2700 [6].
山海:美元走强黄金偏弱,今晚关注ADP数据影响!
Sou Hu Cai Jing·2025-11-05 02:28