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データ基準日: 2026-10-07 · 決済基準: 取引所最終日次決済価格

Gold (GC=F) Deep Dive | Bearish Breakdown Risk | 2026-10-08

Our assessment of Gold (GC=F) is bearish, driven by a breakdown below key technical support, persistent managed-money long liquidation, and a macro backdrop that favors risk assets over safe havens. The metal has surrendered 7.17% over the past 20 sessions, trading below its 20-day moving average and approaching critical support near 4090. While central bank buying remains a structural floor, the immediate price action suggests further downside pressure as the market digests recent losses. A sustained break below 4088.67 would invalidate the current consolidation and open the path to 3960. We advise caution for longs and favor short-side opportunities on rallies, with a strict invalidation level above 4180. The current setup reflects a technical breakdown rather than a fundamental shift in long-term demand, but momentum favors sellers in the near term.