Group 1 - The overall trading pace in the market remains restrained due to the year-end holiday effects, but liquidity has improved compared to previous periods [1] - Gold and silver prices have experienced a pullback after reaching historical highs, indicating a phase of profit-taking and market consolidation [1] - The U.S. dollar index is maintaining a low range, showing limited volatility in major non-U.S. currencies, which has not provided clear direction for precious metals [1] Group 2 - Despite short-term pressure, gold has seen a cumulative increase of nearly 70% in 2025, marking its best annual performance since the late 1970s [2] - Trump's comments regarding the next Federal Reserve chair maintaining a low interest rate stance have reignited discussions about policy independence and future monetary paths, reinforcing the long-term value of traditional safe-haven assets like gold [2] - The Bank of Japan's recent monetary policy meeting highlighted concerns over inflation risks, although market expectations for actual policy changes remain cautious [2] Group 3 - Technically, gold prices are holding above the 100-day exponential moving average, with the Bollinger Bands indicating an ongoing upward structure [3] - Key resistance for gold is noted at $4550, with potential upward movement towards the psychological level of $4600 if trading volume supports it; initial support is at $4430 [3] - The current pullback in gold prices is viewed as a structural consolidation rather than a reversal of fundamental logic, with market focus shifting to Federal Reserve policy signals and global risk sentiment [3]

周四亚洲交易时段，白银（XAG/USD）价格出现回调走势，市场卖盘力量阶段性显现。 短期动能的变化未对整体技术格局形成根本性冲击，白银走势保持温和向好的基础。 技术指标层面呈现出一定的分化特征。 相对强弱指数（RSI）当前读数为59.95，在1小时短周期图表中处于中性偏多区间，显示短期多空力量仍以多头占优；但从日线图来看，该指标已进入超买 区域，提示长期上涨后可能存在的调整需求。 移动平均线收敛发散（MACD）指标显示短期动能有所减弱，其柱状图已滑落至零轴下方，表明MACD快线已下穿慢线形成死叉，短期上涨动量出现冷却。 截至当前，白银交易于65.75至65.70美元区间，日内跌幅已超过1%。这一调整未改变整体强势格局，价格仍维持在前一交易日触及的历史高点附近，技术面 整体对多头有利。 从关键支撑位来看，64.00美元附近的水平位具有重要技术意义。 此前白银价格突破该位置后，不仅验证了短期看涨趋势，当前该价位还与100小时简单移动平均线（SMA）形成共振支撑。作为技术分析中常用的中期均线 指标，100小时SMA的支撑作用通常较为稳固，这一重合区域也因此成为短期交易中的关键参考点。 100小时SMA当前呈现明确的 ...

亚洲交易时段，白银（XAG/USD）呈现看涨整理特征，价格在接近本周三触及的历史新高附近窄幅波动，主要交投于61.00美元关口周边。从整体技术面布 局来看，这一白色金属当前阻力最小的运行路径仍偏向向上。 反之，若白银价格能够站稳61.00美元上方并形成上行势头，将再次确认短期市场的建设性预期。这一走势也将为白银延续上涨趋势奠定基础——自10月底 触及45.00美元附近的阶段性低点以来，白银已开启一轮强劲的上行行情。 此前，白银价格突破58.80-58.85美元的月度交易区间阻力位，这一突破被市场视为多头动能的新触发点。不过需要注意的是，4小时图及日线图上的相对强 弱指数（RSI）已显示超买信号，这一技术信号在一定程度上限制了交易员新增多头头寸的积极性。 当前白银市场的核心矛盾在于多头趋势与短期超买信号的博弈，后续价格走势将更多依赖于关键点位的突破情况及技术面信号的修复进度。 从操作逻辑来看，在白银价格开启进一步上行走势前，市场更适合耐心等待短期整理走势出现，或是等待价格出现温和回撤后再做判断，避免在超买状态下 盲目跟进。 但若这一支撑区间被有效突破，可能会引发部分空头回补动作，进而将白银价格拖拽至此前的交易区 ...