张尧浠：金价遇阻获利了结、利好仍在回撤仍可看涨

Core Viewpoint - The recent decline in gold prices is attributed to a stronger US dollar and profit-taking, but the long-term outlook remains bullish due to ongoing geopolitical tensions and potential interest rate cuts later in the year [1][5]. Market Performance - On February 24, gold opened at $5,227.26 per ounce, reached a high of $5,249.43, and then fell over $100 before stabilizing in the $5,160-$5,186 range. The lowest point was $5,094.07, closing at $5,143.70, marking a daily drop of $83.56 or 1.6% [3]. - The trading range indicates a volatile market, with a daily fluctuation of $155.36 [3]. Technical Analysis - The monthly chart shows that after a dip in February, gold prices rebounded after hitting a support level, indicating a continuation of the new bull market [6]. - The daily chart suggests that while there was a bearish reversal pattern, gold remains above the upward trend channel, indicating limited downside potential [7]. Geopolitical Factors - Geopolitical tensions have been a long-term driver for the gold market, with fluctuations in these tensions contributing to gold's upward trajectory [5]. - The combination of geopolitical concerns and central bank buying is expected to provide solid support for gold prices in the near term [5]. Future Outlook - The expectation of interest rate cuts later in the year, alongside ongoing geopolitical uncertainties, suggests that gold will maintain a bullish trend, with potential for new highs [5][6]. - Key support levels for gold are identified at $5,130 and $5,060, while resistance levels are at $5,230 and $5,300 [8].