当前盘面来看，日线结构前两日黄金虽收阳线，但依然只是对此前连续下跌后的消化过程，且幅度均有 限，这就使得日线结构有形成下跌中继形态的趋向。而随着美联储基调转鹰，美政府停摆结束后，下半 周一系列迟来的数据将公布，市场对待黄金的态度也或有转向可能，即预期数据可能打压黄金走强，甚 至带动黄金进行一波深度的调整行情。日内黄金暂时还是看其围绕日均线带4100-4040之间震荡，从目 前市场情绪以及日线结构上看，结构重心没有上移便会增加行情再度下跌的风险，所以晚间非农数据若 带来利空，可能会触发或加重行情的调整趋势。而若非农数据意外利多，依照前两日的反弹状态来看， 多头信心和动能也不会很强。结合小时图走势，日内白盘时段黄金可先看区间震荡，区间上沿4125附 近，下沿4060-55附近。在此之前，4100整数关口亦有加以关注，而技术上还是更倾向于调整回修，所 以下方短支撑可扩展至4030附近，至于晚间非农数据，届时根据实际情况再做调整，但是也保留非农数 据前，市场因预期情绪影响而提前下破的可能。 来源：市场资讯 11月20日，周四，亚市早盘，现货黄金震荡微涨，目前交投于4088美元/盎司附近。周三金价冲高回 落，早盘一度狂 ...

Group 1 - The Federal Reserve has lowered interest rates by 25 basis points for the second time this year, indicating internal divisions among officials regarding inflation concerns and the risks of overly accommodative policies [1] - The FOMC minutes suggest that the Fed may end its current asset reduction process by December, with Chairman Powell emphasizing that future policy adjustments will rely more on economic data, downplaying the likelihood of further rate cuts [1] - Market sentiment has turned cautious, with investors awaiting new macroeconomic guidance, as the dollar's short-term strength limits gold's upward momentum [1] Group 2 - Technically, gold is consolidating near the 23.6% Fibonacci retracement level, indicating weakened bullish momentum, with key resistance at the $4000 level and potential upward movement to $4058-$4060 if broken [2] - Support for gold is at $3950, with further declines possible to the $3916-$3900 range if this level is breached, and a significant drop below could test the $3850 mark [2] - The interplay between the Fed's policy direction and the delicate balance of US-China relations may lead to continued high-level fluctuations in gold prices, with upcoming US CPI data and Treasury Secretary speeches being critical for future monetary policy signals [2]