Core Viewpoint - International gold prices continue to rebound, indicating increased bullish momentum and a strengthened outlook for future price increases, potentially reaching $4,380 or higher [1][11]. Price Movement - On December 11, gold opened at $4,224.45 per ounce, peaked at $4,285.66, and closed at $4,279.56, marking a daily increase of $55.11 or 1.3% with a trading range of $81.35 [1][12]. Market Influences - The rise in gold prices is supported by buying pressure and a significant increase in initial jobless claims in the U.S., which is the largest weekly rise since the pandemic [3][14]. The declining U.S. dollar index also contributes to the upward movement in gold prices [3][14]. Short-term Outlook - On December 12, gold opened weakly due to profit-taking but still shows bullish demand. The expectation for a continued decline in the dollar index supports gold prices, with no significant bearish outlook anticipated [3][14]. Upcoming Economic Data - Key economic data releases next week include November non-farm payrolls, U.S. November CPI, and core PCE price index, which could influence gold prices positively or maintain high volatility [6][17]. Technical Analysis - Monthly charts indicate a strong rebound in November, eliminating bearish patterns and enhancing the outlook for new highs. December's performance shows a temporary weakness followed by renewed strength, with a need to break the $4,400 resistance for further upward movement [8][21]. - Weekly charts show a strong bullish momentum, with prices above the 5-10 week moving averages, suggesting potential for new highs [8][18]. Trading Strategy - Suggested trading levels include support at $4,260 or $4,245 and resistance at $4,310 or $4,340 for gold, while silver support is at $62.50 or $61.65 and resistance at $64.30 or $64.90 [10][20].
张尧浠:周初请超预期增幅 金价短期看涨动力加大
Xin Lang Cai Jing·2025-12-12 05:18