黄力晨:黄金触底反弹 避险买盘推升金价

Core Viewpoint - The recent decline in gold prices is attributed to reduced market risk appetite and profit-taking by investors, leading to increased selling pressure and a significant drop in gold prices over a short period [1][2][4]. Group 1: Market Dynamics - The market experienced a significant drop in gold prices, with a decline of nearly $1200 over three days due to profit-taking and increased selling pressure [2][5]. - Following the drop, gold attracted buying interest, resulting in a rebound of $200 to $300, with a further rebound of over $500 observed on Tuesday [2][5]. - The postponement of Russia-Ukraine talks and renewed risks of a U.S. government shutdown have contributed to increased safe-haven buying, pushing gold prices higher [2][6]. Group 2: Technical Analysis - Key support levels for gold are identified at $4850 and $4800, while resistance levels are noted at $5000 and $5050 [2][6]. - The daily chart indicates that gold's rebound on Monday and Tuesday has alleviated short-term downward pressure, with technical indicators suggesting a potential for correction after the recent decline [5][6]. - The 5-day moving average has shown a downward crossover, and MACD has formed a bearish crossover, while KDJ and RSI indicators are showing signs of upward movement, indicating a possible correction demand [5].