张尧浠：金价触底回升买盘托举、后市前景仍具新高预期

Core Viewpoint - The international gold market experienced a rebound after a significant drop, indicating a potential shift in market sentiment and suggesting that patience may be more important than immediate trading actions [1][3]. Price Movements - Gold prices opened the week at $4792.00 per ounce, hitting a low of $4402.14 before rebounding to a high of $5091.81 mid-week, ultimately closing at $4960.86, marking a weekly increase of $95.75 or 1.97% from the previous week's close of $4865.11 [1][3]. Market Influences - The market was influenced by previous selling pressure, easing geopolitical tensions, and the Federal Reserve's comments on potential interest rate cuts, which contributed to a stronger fundamental outlook for gold [3][5]. - Profit-taking and renewed geopolitical tensions led to fluctuations in gold prices, but underlying support from buying interest and inflation expectations helped gold to recover [3][5]. Economic Indicators - Upcoming economic data releases, including U.S. retail sales and unemployment rates, are expected to be favorable for gold prices, reinforcing a bullish outlook despite potential volatility [5]. - Recent data showed a decline in job openings to 6.54 million and an increase in initial jobless claims to 231,000, indicating a cooling labor market that may support lower inflation and bolster market expectations for Fed rate cuts [5]. Technical Analysis - Monthly and weekly charts indicate that gold prices remain above key support levels, suggesting a continued bullish trend, with a focus on maintaining above $4300 as a critical support level [7][8]. - Daily charts show a rebound in gold prices, although resistance at the 10-day moving average remains unbroken, indicating potential for further fluctuations [10]. Support and Resistance Levels - Key support levels for gold are identified at $4910 or $4800, while resistance levels are at $5100 or $5190 [10]. - For silver, support is noted at $77.70 or $74.70, with resistance at $83.10 or $86.10 [10].