江问樵：2.5黄金探底回升继续多，晚间操作建议

Core Viewpoint - Short-term gold prices are at a critical adjustment point, with strong support in the $4880-$4900 per ounce range, aligning with bullish cost zones and suggesting a buy strategy around $4885 [1] Technical Analysis - The MACD indicator remains in a bullish crossover above the zero line, indicating no clear reversal signal despite a slight reduction in momentum [1] - The RSI has retreated to a neutral zone, avoiding overbought risks, while the KDJ indicator shows signs of turning upwards from a low position, suggesting the end of the short-term adjustment [1] - The previous V-shaped fluctuation indicates limited downside potential following the February 5th pullback, supporting a buy strategy at current levels [1] Market Influences - The key variable on February 6th is the U.S. January non-farm payroll data, with market expectations of 180,000 new jobs; results below expectations could increase rate cut forecasts, benefiting gold prices towards a target of around $5020 [1] - Continuous gold purchases by global central banks and institutions raising gold price targets provide mid-term support [1] - The implementation of repurchase limit management by Caibai Jewelry reflects market caution regarding gold price volatility, yet does not alter the long-term upward trend [1] Supply and Demand Dynamics - Short-term geopolitical risks have eased, reducing safe-haven demand; however, supply-side contractions and expectations of declining real interest rates support a rebound in gold prices [1] - Overall, a buy strategy around $4885 is justified by both technical support and positive market expectations, with a reasonable target set at approximately $5020 [1]