昨天复盘里给出了在3308附近做空的思路，策略发出后，金价最高来到了3304附近，随后最低下探3284，整体思路仍然是符合预期的。 先回顾昨天的走势。 亚洲时段开盘后，金价先是盘整了一段时间，临近亚洲时段午盘，掉头走低。这种单边走势一直持续到纽约时段盘前。临近纽约时段，金价出现了一波比 较微弱的操纵走势，随后大幅走低。 我在线下活动介绍PO3的三阶段时，经常提及重要的一点，那就是时间。每次纽约时段开盘前后，有非常大概率会出现这种操纵+派筹的走势，昨天的走 势就是一个典型案例。6月8号，我会在佛山的交流会里做更详细介绍，感兴趣的朋友可以扫码报名。 本文作者：李晓东，写于北京时间19:53，国际现货金报3309美元左右。 免责声明：分析仅供参考，投资有风险，决策需谨慎。本文仅为个人观点，不构成投资建议，不对据此投资产生的亏损或损失承担任何责任。请依据个人 风险承受能力自行调整入场、止盈以及止损价位和仓位。 日线图上看，昨天金价留下一个大阴线，并且对下方FVG区域进行了测试。但此次测试并没有跌破5月22号低点，所以虽然日线图上偏空，但要谨慎一 些。 日线图上看，走势并不清晰。亚洲时段进行了比较久的盘整。伦敦时段，金 ...

金十图示：2025年05月28日（周三）上海金午盘价为768.61元/克，较国际金价(765.32元/克)，高3.29元/克 l 注:■ 国内金价>国际金价 ■ 国内金价＜国际金价 @ JIN10.COM 金十数据 | 一个交易工具 JIN10.COM . . ----------- ...

Group 1: Market Sentiment and Trends - Recent macroeconomic concerns regarding U.S. debt and deficits have led to a temporary rebound in U.S. Treasury and dollar index, but the previous bullish sentiment in precious metals has not sustained, resulting in profit-taking [1] - The U.S. consumer confidence index rose significantly from 85.7 in April to 98 in May, indicating improved economic outlook among consumers, despite a decline in durable goods orders [2] - The recent geopolitical stability has contributed to a short-term correction in precious metals, with expectations of gold prices potentially reaching $4,000 per ounce by late 2025 or 2026 [3] Group 2: Price Movements and Technical Analysis - Gold prices have recently experienced volatility due to changes in trade relations between major economies, with a notable drop of nearly $60 in New York futures following shifts in U.S.-EU trade dynamics [4] - The current decline in gold prices marks the third correction since reaching above $3,500 on April 22, suggesting a weakening upward momentum that may indicate a significant market shift if the trend continues [4] - Analysts caution that the market's response to geopolitical narratives is swift, and the recent adjustments in precious metals may not be merely temporary [4]

l 注:■ 国内金价>国际金价 ■ 国内金价＜国际金价 @ JIN10.COM 金十数据 | 一个交易工具 JIN10.COM . . --------- 金十图示：2025年05月28日（周三）上海金早盘价为769.24元/克，较国际金价(765.61元/克)，高3.63元/克 ...

Core Insights - Institutions predict that gold prices will exceed $4,000 by 2026, indicating a long-term bullish outlook for the commodity [1] - Currently, gold is experiencing a period of consolidation as recent extreme uncertainties appear to be subsiding, suggesting a potential stabilization in the market [1] Industry Summary - The forecasted increase in gold prices reflects a growing confidence in the commodity's value amidst fluctuating market conditions [1] - The need for a breakthrough above the $4,000 level indicates that further upward movement may require specific market conditions or catalysts to materialize [1]

Core Viewpoint - International gold prices experienced significant volatility and entered a correction phase in late May 2025, with spot gold falling below $3,300 per ounce, marking a 1.4% decline in a single day and approximately 6% down from the historical high of $3,509.9 in April [1] Group 1: Downward Driving Factors - Decrease in safe-haven demand due to progress in US-China and EU-US tariff negotiations and easing Middle East tensions, leading to a shift of funds from gold to risk assets like US stocks [1] - Strengthening US dollar with the index rising above 99.6, marking the largest weekly gain since March 2023, and a reduction in market expectations for interest rate cuts from 53 basis points to 47 basis points, increasing the opportunity cost of holding gold [3] - Technical selling pressure intensified after gold prices fell below the key psychological level of $3,300, triggering stop-loss orders in program trading, with a 12% weekly decrease in COMEX gold futures open interest and a 35% drop in speculative long positions [3] Group 2: Market Chain Reactions - Divergence in consumption and investment, with domestic gold jewelry prices dropping to 987 yuan per gram, over 100 yuan lower than the April peak, while A-share gold stocks experienced a single-day decline of over 3% [4] - Global largest gold ETF (SPDR Gold Trust) increased holdings by 28 tons, indicating long-term investment interest, while short-term trading funds accelerated withdrawals, with COMEX gold put options reaching a historical high [5] Group 3: Future Trend Assessment - Short-term risks include potential declines to the $3,135 range if the $3,280 support level is breached, with extreme scenarios testing the $3,000 mark, and increased market volatility expected ahead of the Federal Reserve's June rate decision and the US core PCE index release [7] - Long-term support logic includes a 170% year-on-year increase in global central bank gold purchases in Q1 2025 and the introduction of gold weight in BRICS countries' settlement mechanisms providing structural support [8] Group 4: Investment Recommendations - Prioritize purchasing from Shenzhen Shui Bei wholesale market or promotional brand products, avoiding high-premium gold jewelry with processing fees exceeding 200 yuan per gram [9] - Ordinary investors are advised to gradually build positions in gold ETFs or bank accumulation gold, maintaining a portfolio allocation of 5%-10% of household assets, while leveraged traders should be cautious of liquidity risks in US debt markets [10] Group 5: Technical Focus Points - Key support levels identified at $3,280 (EMA20 period moving average) and $3,135 (Fibonacci 50% retracement level), with resistance levels at $3,342 (May 27 opening price) and $3,365 (downward trend line resistance) [11]

Core Insights - The long-term bullish trend for gold remains intact, with institutional funds making counter-cyclical investments, suggesting a potential technical rebound in gold prices is imminent [1] Group 1 - The foundation for a long-term bull market in gold has not changed, indicating sustained investor confidence in the asset [1] - Institutional investors are positioning themselves strategically, indicating a shift in market sentiment towards gold [1] - A technical rebound in gold prices is anticipated, which could present new investment opportunities [1]

智通财经APP获悉，MetalsFocus发布报告称，2025年迄今黄金表现极为强劲，以美元和印度卢比(以及 其他货币)计价的金价都迭创历史新高。尤其引人注目的是，4月后期印度国内金价涨破100,000卢比/10 克(含商品及服务税)，之后短暂回调，撰写该报告之时5月初已重返该重要心理关口下方。金价持续走 强已导致消费者的黄金首饰购买力下降。有鉴于此，MetalsFocus认为印度市场上18K金饰和较低克重金 饰可能会加速渗透。 首先来看金价涨至创纪录高位对需求的影响，2025年一季度印度黄金首饰消费量同比下降25%，至71 吨，创出2020年三季度以来单季消费量的新低。由于消费者购买首饰的预算通常为固定预算，金价涨至 创纪录高位意味着可购买的金饰重量下降。此外，金价涨速很快，存在近期回落的预期，也促使印度消 费者暂缓购买金饰。 消费者用于购买低价位或日常佩戴首饰的非必需品支出降幅尤其大。相比之下，婚礼相关首饰购买量则 更具韧性，反映出婚礼首饰为刚性需求，不可能长期推迟购买。除零售店客流量明显下降外，越来越多 的印度消费者因零售商提供颇具吸引力的换购方案，选择以旧首饰换购新首饰。MetalsFocus的估算显 ...

Core Viewpoint - Gold prices are experiencing a continuous decline, influenced by a rebound in the US dollar and easing trade tensions, raising questions about whether this is a short-term fluctuation or a trend reversal, and whether expectations of Federal Reserve interest rate cuts can provide relief [1] Group 1 - The recent drop in gold prices is attributed to a strengthening US dollar [1] - Easing trade tensions are contributing to the current market dynamics affecting gold prices [1] - There is uncertainty regarding whether the current situation represents a temporary fluctuation or a more significant trend reversal in the gold market [1] Group 2 - The potential impact of Federal Reserve interest rate cut expectations on gold prices is being closely monitored [1]

5月27日下午，现货黄金跌破3300美元/盎司，日内跌1.45%。 国内黄金现货也出现下跌。 今年以来，黄金总是重复以两种方式登上热搜：大涨与大跌。 尤其进入5月，这种趋势更为明显，屡创历史新高的金价开启了波动更为剧烈的过山车模式。过去两周 内，国际金价逐渐跌破每盎司3500美元、3400美元和3300美元关口。曾经一夜之间靠黄金"赚翻"的投资 者，经此震荡纷纷感叹"亏麻了"。 中国(香港)金融衍生品投资研究院院长王红英告诉记者，近期黄金出现巨大震荡行情，主要源于影响黄 金价格的利多与利空因素之间的结构性矛盾，以及市场情绪的放大作用。 "黄金价格受到国际经济形势变化、主要货币走势、地缘政治摩擦等多重因素影响，短期内多重因素的 博弈导致黄金价格经历了暴涨暴跌的剧烈波动。"王红英说道。 花旗在研报中明确表示，此轮金价从最高点下调的核心原因在于全球关税谈判取得突破性进展。报告强 调："此前推动金价上涨的关键因素——关税担忧正在明显缓解，这直接导致黄金市场进入阶段性盘 整。" 招商期货金融衍生品主管徐世伟从交易角度对记者进一步分析，金价站上高位后，震荡较大属于正常现 象，直接原因在于大资金涌入造成了更大波动性。 世界 ...