张尧浠:回落调整空间有限 金银仍是逢低看涨为主

Core Viewpoint - International gold prices experienced fluctuations, initially rising before retreating, indicating a potential bullish signal despite the recent pullback [1][9]. Price Movement Summary - Gold opened at $4,334.30 per ounce, reached a low of $4,323.49, and peaked at $4,404.18 before closing at $4,338.51, with a daily range of $80.69 and a slight increase of $4.21, or 0.097% [1][9]. Influencing Factors - The market was supported by buying interest, escalating geopolitical tensions, and a recovery from previous sell-offs in precious metals. However, resistance from moving averages and negative data releases from the U.S. pressured gold prices downward [3][13]. Market Outlook - On December 31, gold is expected to continue receiving support from buying interest, with the Federal Reserve's meeting minutes indicating a majority favoring further rate cuts, which could bolster gold prices. However, a strengthening U.S. dollar may limit upward movement [10][12]. Technical Analysis - Monthly analysis shows that while gold prices have risen, a significant pullback at the month's end suggests potential for a larger correction, possibly revisiting the $4,000-$3,900 range. If January shows strong upward movement, it could signal a bullish trend towards $5,500-$6,000 [6][14]. - Weekly analysis indicates that gold prices may face further declines, potentially reaching support levels around $4,230 and $4,000. However, maintaining above $4,300 could sustain bullish momentum [16]. Trading Strategy - Suggested trading levels include support at $4,320 or $4,275 and resistance at $4,390 or $4,430 for gold. For silver, support is noted at $73.10 or $72.20, with resistance at $77.50 or $78.90 [17].