张尧浠：金价如期触及支撑反弹、后市偏震荡调整待再攀升

Core Viewpoint - The international gold price has rebounded after hitting a support level, indicating a potential for stabilization and further upward movement in the future [1]. Price Movement - On February 2, gold opened at approximately $4825.84, reached a daily high of $4883.66, and then fell to a low of $4402.27 before closing at $4658.96, marking a daily fluctuation of $481.39 and a decline of $201.35 or 4.14% from the previous close of $4860.31 [3]. - The recent drop in gold prices was influenced by increased margin requirements from the CME and geopolitical developments, including trade agreements that reduced the demand for gold as a safe haven [3][5]. Market Outlook - The outlook for February 3 indicates that gold prices are expected to continue their recovery, supported by a weakening dollar index, although resistance remains at the middle band of the Bollinger Bands and short-term moving averages [3][5]. - The fundamental factors that led to the recent drop in gold prices appear to have been exhausted, suggesting a potential for a rebound as geopolitical tensions and tariff concerns remain uncertain [5]. Technical Analysis - On a monthly basis, despite the recent drop, gold prices have found support at the previous upward trend line, indicating the potential for a new bull market [7]. - Weekly analysis shows that gold prices have corrected after a previous rise, but the recent rebound suggests a return to strength if prices can maintain above short-term moving averages [7][9]. - Daily charts indicate that gold has rebounded from a key support level, but further upward movement is contingent on breaking through resistance levels [9]. Support and Resistance Levels - Key support levels for gold are identified at $4640 and $4560, while resistance levels are at $4900 and $5000 [10]. - For silver, support is noted at $78.00 and $75.20, with resistance at $87.50 and $94.00 [10].