Core Viewpoint - The resilience of gold as a safe-haven asset is highlighted amid rising global economic uncertainty, with current prices nearing fair value despite not reaching the historical high of over $4360 in October [1][2]. Group 1: Market Analysis - Gold prices have found solid support above $4000 and are consolidating around $4200, contrary to some investors' expectations of a significant pullback [2]. - The recent performance of gold is attributed to increasing global economic uncertainty, which has led to a stronger demand for gold as a safe-haven asset [2]. - The expectation of a Federal Reserve interest rate cut, driven by signs of economic weakness, is likely to create a favorable environment for gold, with a nearly 90% probability of a rate cut in December [2]. Group 2: Technical Analysis - The weekly chart indicates a potential risk of a pullback after a significant upward movement, suggesting a possible alternating pattern of gains and losses [3]. - The daily chart shows that gold has successfully broken through a small consolidation triangle, but caution is advised as this does not guarantee the start of a bull market [3][4]. - The market may experience further wide-ranging consolidation, potentially expanding the small triangle into a larger one, with key resistance levels identified around 4275 and 4325 [3][4].
黄金上行遇“大收敛三角”压制 突破前维持高抛低吸震荡
Jin Tou Wang·2025-12-04 03:14