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데이터 기준일: 2026-10-07 · 결제 기준: 거래소 최종 일일 결제가

Gold (GC=F) Deep Dive | Short Bias on Technical Breakdown | 2026-10-08

Our directional call for Gold (GC=F) is bearish, with an invalidation level at 4180. The metal is trading below its 20-day moving average and has breached key technical support, signaling continued downside pressure. In early Asian trade on 2026-10-08, prices are testing lower levels, reinforcing the short bias. Fundamentally, while inventory levels remain stable, the market is reacting to a broader risk-off sentiment and a strengthening dollar. Positioning data shows managed money remains heavily net long, but recent reductions in open interest suggest a potential unwinding of these positions. Cross-asset ratios indicate gold is underperforming relative to other commodities, further supporting the negative outlook. We expect further declines toward 3960 unless a decisive break above 4180 occurs.