Live Updates > Live Update Details
2026-11-04 10:56:27
【Spot Gold: Downward Fluctuation, Sell on Rallies】 (1) Reasons for Analysis: The decline in the US dollar and the slight weakening of US Treasury yields provide a buffer for gold prices. Central bank gold purchases provide medium- to long-term support. The previous decline was overcorrected, but the expectation of Fed rate hikes still puts pressure on the market. Technically, the market is consolidating at low levels and there is a possibility of oversold correction in the short term. It awaits a stress test. (2) Key Focus: US Treasury yields, US dollar index, geopolitical situation (3) Resistance: 3960, 3980, 4000 (4) Support: 3900, 3870, 3850;
