黄金走出阴霾！

Core Viewpoint - The gold market experienced volatility with a significant drop during the US trading session, failing to maintain the 4000 mark due to various factors including Federal Reserve officials opposing a rate cut and reduced geopolitical risks [2][3]. Market Performance - Gold prices peaked at 4020-50 but faced resistance, leading to a drop [2]. - The current international gold price is reported at 4002, with domestic gold prices at 919.5 and 916.5 for different contracts [4]. Central Bank Activity - The World Gold Council reported that global gold ETFs saw net inflows for five consecutive months in October, with daily trading volumes reaching historical highs [2]. - The People's Bank of China has been the largest buyer of gold among global central banks since 2022, indicating a trend in central bank purchases [3]. Technical Analysis - The gold market is showing a potential upward trend if it maintains above the support level of 3965, with resistance at 4083 [6]. - A head and shoulders bottom pattern is forming, suggesting a short-term upward movement [6]. - Caution is advised as the market may face challenges in sustaining upward momentum before 11 AM [7].