Spot gold: range-bound volatility, buy on dips and sell on rallies
智通财经2026/10/30 03:36Show original
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(1) Analysis: Spot gold has fallen back to around $4,000/oz. The US Q3 GDP and core PCE have reinforced expectations of a December rate hike, and high real interest rates increase holding costs. The US Dollar Index's decline and Middle East risks provide some support, but the current consolidation pattern remains unbroken. Maintain a range-based approach while waiting for a directional breakout.(2) Key focus: US Treasury yields, US Dollar Index, geopolitical developments(3) Resistance: 4060, 4080, 4100(4) Support: 3980, 3950, 3920
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