假期抛压难撼黄金长牛 降息+地缘构筑强支撑

Core Viewpoint - The current spot gold price is around $4470.31 per ounce, having approached a historical high of $4550 earlier in the day, influenced by profit-taking and a rebound in the dollar, making gold more expensive for non-U.S. buyers [1][1] Group 1: Price Performance - Despite a short-term pullback, gold prices have increased nearly 70% in 2025, marking the best annual performance since 1979 [1] - The market anticipates that the Federal Reserve will begin a rate-cutting cycle in 2026, which would lower the opportunity cost of holding gold [1] Group 2: Market Dynamics - Geopolitical tensions are boosting safe-haven demand for gold, supporting its medium to long-term outlook [1] - This week, attention will be on the U.S. November existing home sales data as liquidity thins near year-end [1] Group 3: Technical Analysis - Gold prices are stabilizing above the 100-day EMA, with the Bollinger Bands expanding, indicating a solid long-term upward trend [1] - The 14-day RSI is above 70, suggesting a potential short-term technical adjustment [1] - Immediate resistance is at $4550, with a breakthrough potentially leading to $4600; support levels are at $4430, with further levels at $4338 and $4300 if breached [1]