张尧浠：避险需求持续推动、金价日内先空后多

Core Viewpoint - International gold prices continue to rebound, maintaining a bullish outlook with expectations of reaching new historical highs, despite potential gaps that need to be filled [1][3]. Market Performance - On January 6, gold opened at $4,448.62 per ounce, recorded a low of $4,427.94, and reached a high of $4,497.21, closing at $4,494.53, with a daily increase of $45.91, or 1.03% [1]. - The market remains supported by buying interest above short-term moving averages and geopolitical tensions, particularly related to U.S. military actions in Venezuela and potential Fed rate cuts [3][5]. Economic Indicators - Upcoming economic data to watch includes U.S. ADP employment numbers, ISM non-manufacturing PMI, JOLTs job openings, global supply chain pressure index, and factory orders [3]. - The overall expectation for these indicators is favorable for gold prices, with a focus on maintaining a bullish stance [3]. Technical Analysis - Monthly analysis indicates that gold prices are strong, recovering most of the previous month's losses and potentially opening up a new bull market with expected gains of over 30%, targeting $5,500 to $6,000 [5]. - Weekly analysis shows a potential for a pullback to support levels around $4,000 to $3,900 if the price fails to maintain above key trend lines [7]. Trading Strategy - The prevailing trading strategy is to maintain a bullish outlook, with a focus on buying during dips, as the market shows a tendency to rebound from lower levels [9]. - Key support levels for gold are identified at $4,430 and $4,385, while resistance levels are at $4,515 and $4,550 [9].