Gold Market - The recent decline in gold prices is primarily due to hawkish statements from multiple Federal Reserve officials, which have led to a decrease in market expectations for interest rate cuts [2] - At the beginning of November, the market had anticipated over an 80% probability of a rate cut by the Federal Reserve in December, but this expectation has rapidly diminished, tightening market liquidity and strengthening the US dollar index, thereby suppressing gold prices [2] - On November 18, Federal Reserve official Waller reiterated the need for a rate cut in December, which temporarily boosted bullish sentiment in the gold market [2] - Analyst Mai Dong from Bailihau believes that the sustainability of the gold price decline is weak, and the market will refocus on the upcoming US non-farm payroll data to be released on Thursday [2] - From a technical perspective, the daily chart shows a small bearish candle with a long lower shadow, while the hourly chart indicates a breakout above the 60-day moving average, suggesting a weak trend reversal phase [2] Oil Market - As of November 19, reports indicate that US sanctions are significantly reducing demand for Russian oil, with the US Treasury Department stating that recent efforts to weaken Russia have been successful [4] - The focus of the oil market has been on Russian supply, particularly following attacks on Russian oil facilities and the effectiveness of Western sanctions on Russian oil exports, which have supported a short-term increase in oil prices [5] - From a technical standpoint, the daily chart shows a bullish candle, and the market has broken out of a rectangular consolidation pattern, testing the resistance level at $61.20 [5] - Current prices are above the 60/120-day moving averages, but the bullish advantage is not strong, with today's focus on whether prices can maintain above $61.20, while support is noted at $60.10 and resistance at $61.40 [5] Copper Market - The daily chart indicates a bearish candle, with prices trading below the 60/120-day moving averages, continuing a downward trend [7] - The market showed signs of consolidation yesterday, gradually correcting the divergence, with support noted at $4.86 and the potential for prices to test and possibly break below $4.90 [7] Nasdaq Market - The daily chart reflects a bearish candle, with prices also trading below the 60/120-day moving averages, indicating a continuation of the downward trend [8] - Today's focus is on the support level at 24,000 and resistance at 24,700 [8]
百利好早盘分析：市场等待数据 金价进入震荡
Sou Hu Cai Jing·2025-11-19 01:40