张尧浠：特朗普言论美指崩跌、金价获力拉升多头前景加强 上交易日周二(1月27日)：国际黄金强势拉升，因持续的经济和地缘政治不确定性，特朗普的美元"溜溜球"言论以及因交易商关注美日可能采取协调行动 干预汇市的迹象导致美元指数崩跌至近四年新低，推动金价收复周一回撤幅度，并进一步上行刷新历史高点，持稳收阳，多头动力持稳，也暗示后市将继 续稳步看涨。操作继续保持逢低支撑做多。 具体走势上，金价自亚市开于5012.88美元/盎司，先行录得日内低点5012.58美元，之后震荡回升，维持到美盘尾部时段，金价多头开始发力，连续攀升近 100美金，最高录得5189.94美元，最终多头有所减缓，收于5180.86美元，日振幅177.36美元，收涨167.98美元，涨幅3.35%。 展望今日周三(1月28日)：国际黄金开盘维持周二尾盘多头减缓行情有所走弱，其一部分的获利了结，和美元指数的低位止跌表现，限制了金价走强，同 时即将公布的美联储决议预计保持利率不变，也减弱了多头吸引力。 重点关注的美联储主席鲍威尔召开货币政策新闻发布会，就算暂停降息表达鹰派言论，预计也难以对金价造成逆转性行情，一方面，当下支撑黄金的因素 并不单一是降息， ...

张尧浠：地缘局势加剧、金价创新高突破阻力多头动力加大 上交易日周二(1月20日)：国际黄金继续反弹，强势拉升收涨，白宫就格陵兰岛的未来向欧洲发出威胁，再度引发抛售美国交易，引发对避险资产的抢 购，导致美元指数大幅回落收跌，推动金价继续走强突破新高，并收至日图上升趋势线通道之上，这暗示多头进一步向上突破，再度打开牛市空间，那么 后市将继续上行，等待触及5000美元目标或更高位置。 反之，如本月再度收取倒垂至趋势线之内，则需留意后市有再度展开较久的横盘调整或较大回调风险，但目前来看概率较小。 具体走势上，金价自亚市开于4668.63美元/盎司，先行偏弱走低录得日内低点4659.45美元，之后反弹回升突破4700美元关口，欧盘时段横盘于4710美元上 方，美盘开盘震荡上行，一直延续到盘尾录得日内高点4766.01美元，最终收于4763.23美元，日振幅106.56美元，收涨94.6美元，涨幅2.03%。 展望今日周三(1月21日)：国际黄金开盘延续昨日多头动力继续表现走强，美元指数虽早盘止跌表现，但昨日的回落已使其处于阻力下方，空头占据优 势，另外，月图走势仍处于布林带下行通道，且短期走势前景仍偏弱，故此日内止跌对 ...

Core Viewpoint - International gold prices are experiencing a high-level fluctuation, with a short-term expectation of adjustment and decline, but the bullish outlook remains unchanged [1][3]. Price Movement - Gold opened at $4629.55 per ounce, reached a high of $4632.20, and a low of $4581.25, closing at $4615.70, with a daily fluctuation of $50.95 and a decline of $13.85, or 0.3% [3]. - The market was influenced by a pullback pressure from the previous day's trading and reduced safe-haven demand due to geopolitical uncertainties, particularly regarding Iran [3]. - The unexpected decrease in initial jobless claims strengthened expectations that the Federal Reserve would remain inactive for several months, further limiting bullish momentum for gold [3]. Future Outlook - On January 16, gold is expected to face downward pressure due to resistance from previous trading sessions and overall negative data expectations, but the long-term bullish outlook remains intact [3][5]. - Key upcoming data includes the U.S. December industrial production month-on-month rate and the January NAHB housing market index, with mixed market expectations [5][6]. Technical Analysis - Monthly analysis indicates that gold prices are strong, recovering from previous declines and potentially opening a new bull market with a target range of $5500 to $6000 if the upward momentum continues [8]. - Weekly analysis shows that gold has regained previous losses and is expected to continue rising towards the $4700 mark in the coming weeks [8]. - Daily analysis suggests a potential adjustment towards the 10-day moving average around $4545 and the middle band at $4475, with bullish entry opportunities if these support levels are reached [10]. Support and Resistance Levels - For gold, key support levels are at $4580 or $4555, while resistance levels are at $4635 or $4650 [10]. - For silver, support levels are at $89.15 or $87.30, with resistance at $93.00 or $94.10 [11].

Core Viewpoint - International gold prices continue to rebound, maintaining a bullish outlook with expectations of reaching new historical highs, despite potential gaps that need to be filled [1][3]. Market Performance - On January 6, gold opened at $4,448.62 per ounce, recorded a low of $4,427.94, and reached a high of $4,497.21, closing at $4,494.53, with a daily increase of $45.91, or 1.03% [1]. - The market remains supported by buying interest above short-term moving averages and geopolitical tensions, particularly related to U.S. military actions in Venezuela and potential Fed rate cuts [3][5]. Economic Indicators - Upcoming economic data to watch includes U.S. ADP employment numbers, ISM non-manufacturing PMI, JOLTs job openings, global supply chain pressure index, and factory orders [3]. - The overall expectation for these indicators is favorable for gold prices, with a focus on maintaining a bullish stance [3]. Technical Analysis - Monthly analysis indicates that gold prices are strong, recovering most of the previous month's losses and potentially opening up a new bull market with expected gains of over 30%, targeting $5,500 to $6,000 [5]. - Weekly analysis shows a potential for a pullback to support levels around $4,000 to $3,900 if the price fails to maintain above key trend lines [7]. Trading Strategy - The prevailing trading strategy is to maintain a bullish outlook, with a focus on buying during dips, as the market shows a tendency to rebound from lower levels [9]. - Key support levels for gold are identified at $4,430 and $4,385, while resistance levels are at $4,515 and $4,550 [9].

Core Viewpoint - The international gold price has shown strong upward momentum due to the geopolitical situation in Venezuela, reaching a high of $4,455.48 and closing at $4,448.83, marking a significant increase of 2.78% from the previous close of $4,328.35 [1][3][5] Price Movement - Gold opened at $4,346.46 per ounce, recorded a low of $4,344.06, and then rebounded to a high of $4,455.48 during the day, ultimately closing at $4,448.83 with a daily range of $111.42 [3][5] - The market is currently observing a potential pullback due to profit-taking and anticipation of key economic data releases, such as the non-farm payroll report [3][5] Market Outlook - If geopolitical tensions escalate or if U.S. economic data strengthens expectations for aggressive monetary easing by the Federal Reserve, gold prices may challenge historical highs again [3][5] - The market anticipates at least two rate cuts by the Federal Reserve by 2026, which could provide further support for gold prices [5] Technical Analysis - On a monthly basis, gold prices have shown a significant pullback, indicating potential risks of a larger correction towards the $4,000-$3,900 range [7] - However, if the current momentum continues, there is potential for gold to reach $5,500-$6,000 [7] - Weekly analysis suggests that while there may be a pullback towards the 10-week moving average at $4,230, the overall trend remains bullish, providing opportunities for re-entry into long positions [7][9] Support and Resistance Levels - Key support levels for gold are identified at $4,410 and $4,380, while resistance levels are at $4,480 and $4,500 [9] - For silver, support is noted at $75.10 and $74.10, with resistance at $78.00 and $79.30 [9]

Core Viewpoint - The expectation for interest rate cuts by the Federal Reserve in the coming year has increased, contributing to a bullish outlook for gold prices [1][4]. Market Performance - On December 18, gold opened at $4,337.99 per ounce, fluctuated throughout the day, reaching a low of $4,308.66 and a high of $4,374.14, ultimately closing at $4,332.42, down $5.57 or 0.13% [3]. - The price movements were influenced by a stronger US dollar and the release of lower-than-expected US CPI data, which raised expectations for interest rate cuts [3][4]. Future Outlook - For December 19, gold is expected to continue weakly due to recent adjustment pressures and a recovering dollar index, but it remains in an upward trend [4]. - Key support levels to watch are around $4,320 and $4,300, while resistance levels are at $4,360 and $4,380 [11]. Long-term Projections - Over the next year, gold prices are projected to trend upwards, with a target of $5,000, supported by factors such as a softening job market and ongoing geopolitical tensions [6][8]. - The technical analysis indicates that while gold has faced resistance near historical highs, the likelihood of breaking through these levels remains strong [10].

Core Viewpoint - International gold prices are experiencing a rebound, indicating a strengthened bullish sentiment and potential for further upward movement, with targets set at $4,380 or higher [1][5]. Price Movement Summary - On December 11, gold opened at $4,224.45 per ounce, reached a high of $4,285.66, and closed at $4,279.56, marking a daily increase of $55.11 or 1.3% [1]. - The daily trading range was $81.35, with a low of $4,204.31 [1]. Influencing Factors - The increase in gold prices is supported by buying pressure and a significant rise in initial jobless claims in the U.S., which marked the largest weekly increase since the pandemic [3]. - The continued decline of the U.S. dollar index has also contributed to the strengthening of gold prices, alongside robust demand for silver [3]. Market Outlook - On December 12, gold opened weakly due to profit-taking but still showed bullish demand, with expectations of a continued decline in the dollar index [3]. - Upcoming economic data releases, including the November non-farm payrolls and CPI, are anticipated to influence gold prices positively or maintain high volatility [5]. Technical Analysis - Monthly charts indicate a strong rebound in November, dispelling bearish patterns and enhancing the outlook for new highs [7]. - Weekly charts show that gold is maintaining momentum above the 5-10 week moving averages, suggesting a bullish trend [7]. - Daily charts indicate that gold has broken through recent resistance levels, with expectations to target $4,320 and $4,380 in the near term [9]. Support and Resistance Levels - Key support levels for gold are identified at $4,260 and $4,245, while resistance levels are at $4,310 and $4,340 [9]. - For silver, support is noted at $62.50 and $61.65, with resistance at $64.30 and $64.90 [9].

Core Viewpoint - The recent interest rate cut by the Federal Reserve has led to a bullish outlook for gold prices, with expectations of further easing in the future, which strengthens the momentum for gold to rebound towards resistance levels around $4260 and potentially $4340 [1][5]. Price Movement - On December 10, gold opened at $4207.69 per ounce, fluctuated within the range of $4188 to $4205, and reached a low of $4181.85 before rebounding to a high of $4238.49, closing at $4228.35, marking a daily increase of $20.66 or 0.49% [3]. - The daily trading range was $56.64, indicating significant volatility in the market [3]. Federal Reserve Impact - The Federal Reserve cut interest rates by 25 basis points, which initially caused a dip in gold prices. However, the announcement of a $40 billion short-term bond purchase and the lack of clear guidance on future rate hikes were interpreted positively by the market, enhancing expectations for further rate cuts in January [5][9]. - Market sentiment was further bolstered by President Trump's criticism of the Fed's rate cut being too small, suggesting a more dovish future for monetary policy [5]. Technical Analysis - Monthly and weekly charts indicate a strong bullish trend for gold, with the price recovering most of the previous month's losses. A breakthrough above $4400 is necessary to open further upside potential, while failure to do so may lead to a consolidation phase [7][9]. - The daily chart shows gold trading above short-term moving averages, with expectations to test resistance levels around $4265, and if sustained, could lead to further gains towards $4350 or higher [9]. Support and Resistance Levels - Key support levels for gold are identified at $4220 and $4210, while resistance levels are at $4260 and $4280 [10]. - For silver, support is noted at $61.60 and $61.20, with resistance at $63.00 and $63.60 [10].

Core Viewpoint - The short-term outlook for gold prices remains weak, but the long-term bullish perspective is unchanged, with a target of reaching $5000 per ounce in the future [6]. Price Movement - On December 8, gold opened at $4196.40 per ounce, peaked at $4218.74, and then fell to a low of $4176.27, closing at $4190.49, marking a daily decline of $5.91 or 0.14% [3]. - The price is expected to remain within a consolidation range until the Federal Reserve's decision is announced, with short-term trading strategies focusing on fluctuations [5]. Economic Indicators - Attention is drawn to the upcoming U.S. NFIB Small Business Confidence Index and JOLTs job openings data, which are anticipated to be favorable for gold prices [5]. Federal Reserve Policy - Despite expectations of a hawkish rate cut from the Federal Reserve, there are signals of caution regarding future easing policies, which may limit bullish momentum for gold in the short term [6]. - Historically, short-term pullbacks during rate cut cycles have presented buying opportunities for gold, supported by central bank gold purchases and geopolitical risk factors [6]. Technical Analysis - Monthly charts indicate a strong rebound in November, dispelling bearish outlooks, but December's momentum appears weaker, requiring a breakout above $4400 to sustain upward movement [8]. - Weekly indicators show diminishing bullish momentum, yet the main trend remains above key moving averages, suggesting potential for further gains [8]. - Daily analysis indicates a current consolidation phase, with expectations of support around $4155 and $4111, while resistance is noted at $4210 and $4228 [10]. Silver Outlook - For silver, support levels are identified at $57.65 and $57.05, with resistance at $58.60 and $59.00 [11].

Core Viewpoint - The international gold price is expected to maintain a period of fluctuation and adjustment in the short term due to mixed signals from the non-farm employment data and ongoing hawkish comments from Federal Reserve officials [1][5][6]. Market Performance - On November 20, gold opened at $4077.91 per ounce, reached a high of $4109.92, and then fell to a low of $4038.65 before closing at $4077.22, with a daily fluctuation of $71.27 [3]. - The market anticipates mixed economic data releases, including the U.S. November PMI and consumer confidence index, which may continue to influence gold prices [3]. Economic Indicators - The strong performance of the September non-farm employment data and the Federal Reserve officials' reluctance to rush into rate cuts have reduced the likelihood of a December rate cut, but this could also be seen as a temporary alleviation of negative factors for gold prices [5]. - Long-term, the Federal Reserve is expected to continue easing policies, indicating that the rate cut cycle remains in play, supported by ongoing geopolitical risks and central bank gold purchases [6]. Technical Analysis - On a weekly basis, gold prices are currently supported by the 10-week moving average, suggesting potential for future strength if this support holds [8]. - The daily chart indicates that gold is in a triangular consolidation pattern, with key resistance at $4230 and support at $3930, guiding trading strategies [9]. Price Levels - Key support levels for gold are identified at $4050 and $4030, while resistance levels are at $4105 and $4130 [10].