张尧浠：美零售及PPI利空、金价日内回撤仍视为多头机会

Core Viewpoint - International gold prices rebounded and reached a new historical high, indicating a bullish outlook for the market, supported by technical indicators such as the 5-day and 10-day moving averages [1][3]. Market Performance - On January 14, gold opened at $4588.21 per ounce, marking a daily low, and later rebounded to a high of $4642.63 before closing at $4626.26, up $39.83 or 0.87% from the previous day's close of $4586.43, with a daily fluctuation of $56.2 [1]. - The market is currently experiencing volatility, influenced by geopolitical tensions and economic data, with expectations of two interest rate cuts by the Federal Reserve later this year [3][6]. Economic Indicators - Recent U.S. economic data, including retail sales and the Producer Price Index (PPI), exceeded expectations, which has limited further gains in gold prices [3][6]. - The market is also reacting to mixed signals from employment data and inflation metrics, maintaining a cautious outlook on gold prices despite the bullish sentiment [6]. Technical Analysis - Monthly and weekly charts indicate a strong upward trend for gold, with potential to reach $5000 and possibly $5500-$6000 if current momentum continues [6][8]. - Short-term support levels are identified at $4585 and $4550, while resistance levels are at $4660 and $4680 [10]. Future Outlook - The market anticipates continued bullish momentum for gold, with traders advised to look for buying opportunities on dips, supported by various moving averages [9].