张尧浠：非农数据来袭、金价震荡待攀升

Core Viewpoint - International gold prices experienced fluctuations and a slight decline, influenced by mixed economic signals from the U.S. and comments from Federal Reserve officials regarding interest rate cuts [1][5]. Price Movements - Gold opened at $5058.44 per ounce, fluctuated to a high of $5078.39, and closed at $5025.33, marking a daily decline of $33.11 or 0.65% [3][5]. - The trading range for the day was $91.11, indicating significant volatility [3]. Market Expectations - The market is anticipating the U.S. non-farm payroll data for January, with expectations leaning towards a figure higher than the previous value, which could negatively impact gold prices [5]. - Despite potential negative impacts from employment data, recent lower ADP and jobless claims data suggest that non-farm payrolls may come in below expectations, which could support gold prices [5]. Technical Analysis - Monthly analysis indicates that gold prices are maintaining a bullish outlook, having rebounded after touching support levels, suggesting a continuation of the new bull market [7]. - Weekly analysis shows that gold has returned above the 5-10 day moving averages, indicating a potential for further strength in the market [9]. - Daily charts reveal that while the upward momentum is weakening, gold remains above key support levels, indicating that bullish sentiment still prevails [9]. Support and Resistance Levels - For gold, key support levels are identified at $4970 and $4870, while resistance levels are at $5100 and $5170 [9]. - For silver, support is noted at $79.15 and $78.55, with resistance at $84.00 and $86.70 [10].