黄力晨:地缘紧张局势缓和 避险降温打压金价

Core Viewpoint - Gold prices experienced significant volatility and downward pressure, primarily due to a decrease in market risk aversion, which weakened gold's appeal as a safe-haven asset [1][4]. Group 1: Market Movements - On February 18, gold prices fell sharply, dropping over $60 shortly after the Asian market opened, followed by a near $90 decline during the session, and another nearly $80 drop after the U.S. market opened, reaching a one-week low of $4842, with an intraday decline exceeding 2% [1][4]. - Following this, gold prices stabilized and were trading around $4914 [1][4]. Group 2: Geopolitical Factors - Breakthroughs in indirect negotiations between the U.S. and Iran contributed to a clearer outlook for future discussions, which helped reduce market anxiety [1][4]. - Peace talks between Russia and Ukraine also commenced, providing a positive expectation for diplomatic resolutions, further cooling market risk aversion [1][4]. Group 3: Technical Analysis - Short-term support levels for gold are identified at approximately $4850 and $4800, while resistance levels are noted at $4950 and $5000 [2][5]. - Technical indicators such as the 5-day moving average, MACD, KDJ, and RSI suggest potential risks for further declines in gold prices [2][6].