金价空头动力增强 4425共振位为金价提供支撑

Core Viewpoint - Gold prices are experiencing a decline, currently trading around $4429.99 per ounce, despite attempts to regain upward momentum supported by the 50-day moving average [1] Group 1: Market Sentiment and Economic Indicators - Global risk sentiment is showing signs of fatigue due to rising geopolitical tensions, which may provide support for safe-haven assets like gold [1] - Mixed macroeconomic data from the U.S. has not significantly impacted market expectations for two more rate cuts by the Federal Reserve this year [1] - Traders are likely waiting for the U.S. non-farm payroll report to gain more insights into the Fed's rate cut path, indicating a cautious approach before making aggressive bearish bets on gold [1] Group 2: Technical Analysis - The bullish momentum for gold has weakened, forming a bearish engulfing pattern, but it remains above short-term moving averages and within a two-month recovery trend [2] - The support level at 4425, formed by the 100-hour simple moving average and the 38.2% Fibonacci retracement, may provide some support for gold prices [2] - The MACD is below the signal line and zero, indicating enhanced bearish momentum, while the RSI is around 40, suggesting limited upward space [2]