张尧浠:地缘局势缓解 黄金关注调整及再度入场机会

Core Viewpoint - The international gold price experienced a strong rise of over $100 but ultimately saw a narrowing of gains due to easing geopolitical tensions and the announcement of the cancellation of tariffs on Greenland by Trump, which reduced safe-haven demand [1][10]. Price Movement - Gold opened at $4,764.09 per ounce, broke through the $4,800 mark, reached a daily high of $4,887.76, and closed at $4,830.99, with a daily range of $131.92 and a gain of $66.9, or 1.4% [3][12]. - The following day, gold opened lower, continuing the previous day's downward pressure, influenced by a stronger dollar and profit-taking [3][12]. Market Outlook - Despite the easing geopolitical situation, the overall upward trend for gold remains intact, with expectations for a bullish outlook in 2023, targeting $5,000 and potentially reaching $5,500 to $6,000 [5][14]. - Key economic data to watch includes U.S. initial jobless claims and GDP figures, which are expected to be favorable for gold prices [5][14]. Technical Analysis - On a monthly basis, gold is showing strong performance, remaining above trendline resistance and recovering from previous declines, indicating a potential new bull market if momentum is maintained [6][15]. - Weekly analysis suggests a possible need for a pullback, with support levels at the 5-10 week moving averages, presenting another buying opportunity [8][17]. Trading Strategy - Suggested trading levels include support at $4,770 or $4,720/$4,680, and resistance at $4,845 or $4,880/$4,920 for gold [9][17].