张尧浠：金价维持反弹动力、保持低多看涨为主

Core Viewpoint - International gold prices showed volatility with a closing price of $4964.45 per ounce, indicating a potential for upward movement if it remains above $5100, suggesting a strong bullish momentum [1][3]. Market Performance - Gold opened at $4964.16, reached a high of $5091.72, and then fell to a low of $4854.61 before closing at $4964.45, with a daily fluctuation of $237.11 [1]. - The price increased by $28.65, or 0.58%, compared to the previous day's closing price of $4935.80 [1]. Influencing Factors - The rebound in gold prices was initially supported by buying momentum from the previous day, but geopolitical tensions and better-than-expected U.S. economic data led to a pullback [3][5]. - The ADP employment data indicated a slowdown in the U.S. labor market, which maintained some bullish support for gold prices [3]. Future Outlook - The market anticipates that upcoming unemployment claims data will likely favor gold prices, maintaining a bullish outlook [5]. - The partial government shutdown in the U.S. has delayed the release of non-farm payroll data, which is expected to influence market expectations positively for gold [5]. Technical Analysis - Monthly analysis indicates that gold prices have found support after a dip, suggesting the potential for a new bull market [6]. - Weekly analysis shows a pattern that may indicate a bottoming out, with a higher probability of maintaining high-level fluctuations rather than a significant downturn [7]. - Daily charts indicate that gold prices are above key moving averages, with bullish sentiment prevailing [8]. Support and Resistance Levels - Key support levels for gold are identified at $4940, $4890, and $4760, while resistance levels are at $5120 and $5220 [9].