张尧浠：周尾就业数据来袭、金价仍可逢低做多

Core Viewpoint - International gold prices faced resistance and retreated, but remain above the mid-range and short-term moving averages, indicating a bullish advantage and potential re-entry opportunity for bullish positions [1][3]. Price Movement - Gold opened at $4,495.54 per ounce, reached a high of $4,500.27, then fell to a low of $4,423.39, ultimately closing at $4,456.29, with a daily range of $76.88 and a decline of $39.25, or 0.87% [3]. - The price drop was influenced by profit-taking at the $4,500 resistance level, but support buying and weaker-than-expected "non-farm payroll" data bolstered expectations for a Federal Reserve rate cut [3][5]. Market Outlook - The outlook for gold remains bullish despite recent price fluctuations, with limited pressure from the strengthening U.S. dollar index [5]. - Upcoming U.S. economic data, including jobless claims and trade balance, is expected to lean bearish for gold prices, but recent data suggests potential support for gold [5]. Geopolitical Factors - Geopolitical uncertainties, particularly following the arrest of Venezuelan President Maduro and U.S. plans regarding Venezuelan oil, are expected to sustain risk-averse sentiment, further supporting gold prices [5]. Technical Analysis - Monthly analysis indicates that gold is maintaining strength above trendline resistance, recovering most of the previous month's losses, which could lead to a new bull market with potential gains exceeding 30% [7]. - Weekly trends show gold recovering from previous declines and maintaining above key moving averages, suggesting increased bullish potential [7]. - Daily charts indicate a potential for further strength, with support levels identified at $4,440 and $4,410/$4,385, and resistance at $4,480 and $4,530 [10].