TMGM外汇平台：金价延续涨势突破4350美元，年内涨幅约65%

Core Viewpoint - Gold prices have continued to rise, surpassing $4,350 per ounce, with a year-to-date increase of approximately 65%, potentially marking the largest annual gain since 1979. Market expectations of further interest rate cuts by the Federal Reserve in 2026 are seen as a primary factor supporting gold prices [1]. Group 1: Market Dynamics - Geopolitical risks, including the ongoing Israel-Iran conflict and tensions between the U.S. and Venezuela, are driving some funds towards gold as a traditional safe-haven asset [2]. - The Chicago Mercantile Exchange has recently raised margin requirements for gold and silver futures, which may trigger profit-taking and position adjustments [3]. - Investors are closely monitoring U.S. initial jobless claims data, with expectations of a slight increase to 220,000 for the week ending December 27, up from 214,000 [3]. Group 2: Technical Analysis - From a technical perspective, gold prices remain above the 100-day exponential moving average, with the Bollinger Bands showing an expanding trend, indicating an overall upward bias [3]. - The 14-day Relative Strength Index is positioned above the midpoint and continues to rise, suggesting that short-term momentum remains positive [3]. Group 3: Resistance and Support Levels - Key resistance is identified at the upper Bollinger Band around $4,520, with potential further targets at $4,550 and the psychological level of $4,600 if this level is breached [5]. - Initial support is found in the $4,300-$4,305 range, with a potential downward test of the previous low around $4,271 if this support is lost [5].