Core Viewpoint - The recent sharp decline in spot gold prices is attributed to a rebound in dollar demand and a reduction in expectations for further monetary easing by the Federal Reserve, particularly ahead of key U.S. employment data [3][4]. Group 1: Market Dynamics - Spot gold experienced a significant sell-off, dropping from an intraday high of $4110.22 per ounce to a low of $4046.14 per ounce [1]. - The CME's FedWatch tool indicates that traders currently estimate only a 30% chance of a rate cut in December [3]. Group 2: Economic Indicators - The focus is shifting to U.S. economic data, with the September non-farm payroll report expected to show an increase of 50,000 jobs and an unemployment rate stable at 4.3% [4]. Group 3: Technical Analysis - Short-term outlook for gold is mildly bearish, with the 20-period simple moving average (SMA) trending downwards and converging with the 200-period SMA around $4080 per ounce [5]. - The daily chart indicators suggest limited downside potential for gold, with the 20-day SMA providing dynamic support near $4045.67 per ounce [6]. - If gold prices fall below $4045.67 per ounce, they may test the 100-day SMA at $3676.62 per ounce and the 200-day SMA at $3427.08 per ounce [6].
黄金突然暴跌！金价自日高回落64美元 FXStreet首席分析师金价技术分析
Sou Hu Cai Jing·2025-11-20 03:51