大家要有心理准备了，接下来，金价很可能这样走？

Core Viewpoint - The gold market experienced significant volatility, with prices surging to over $4010 before retreating to around $3966 due to a strong dollar index [1][3]. Price Movements - Gold prices fluctuated dramatically, with international gold prices reported at $3988.22 per ounce and domestic prices at 913.03 yuan per gram [3]. - The price of gold jewelry in brand stores ranged from 1230 to 1261 yuan per gram, while the wholesale market in Shenzhen offered prices as low as 984 yuan per gram, indicating a brand premium of up to 25% [3]. Market Dynamics - The gold recycling market quoted prices at 900 yuan per gram, with varying rates for different purities [5]. - Bank gold bars were priced lower, with Industrial and Commercial Bank of China offering 930.16 yuan per gram, making them more suitable for investment purposes due to lower fees [5]. Investor Behavior - There has been an increase in inquiries about gold ETFs and investment bars, particularly among older investors concerned about policy changes [5]. - Central banks globally have continued to purchase gold, with a net acquisition of 634 tons in the first three quarters of 2025, providing a hidden support level for gold prices around $3960 [5]. Economic Indicators - Despite strong U.S. employment data, market demand for gold as a safe haven remained robust [5]. - The market maintains a 62.5% probability of interest rate cuts, which supports the long-term bullish outlook for gold [7]. Technical Analysis - Gold is currently oscillating between $3966 and $4012, with resistance at $4031-$4050 and support at $3770-$3800 [7]. - Short-term price movements are expected to remain strong, with potential fluctuations based on U.S. economic data [7]. Long-term Outlook - The ongoing geopolitical tensions and the trend of "de-dollarization" are expected to provide long-term support for gold prices [9]. - The potential for a bull market similar to the 1970s is highlighted, with possible annual gains exceeding 100% under extreme conditions [7][9]. Investment Recommendations - Short-term investors are advised to maintain light positions and set strict stop-loss orders, while long-term investors can consider gold ETFs or physical gold with a maximum allocation of 15% of their portfolio [11]. - For personal use, it is recommended to choose wholesale gold or bank gold bars to avoid high brand premiums [11].