10月份黄金和白银可能会出现回调，投资者应该将其纳入其中-分析师

Investors should consider adding into the upcoming precious metals’ (DBP), (GLTR), (NYSEARCA:GLD), (SLV) weakness as a tactical opportunity, said Jonathan Krinsky, chief market technician at BTIG, in a note.

With gold (XAUUSD:CUR) up more than 29% year-to-date, and silver (XAGUSD:CUR) up more than 35% year-to-date, “we think we are at one of these inflections, despite their constructive momentum and trends,” he said.

Krinsky added that daily charts are showing an upside exhaustion, and the weekly chart is showing a negative momentum divergence in overbought territory.

He cautioned that October is “the second worst month of the year for gold (XAUUSD:CUR) over the last 25 years, averaging a -0.32% decline.”

Although the 10-year real rates moved from 1.55% to 1.60%, gold (XAUUSD:CUR) has rallied about $100. But the gold and real rates (inverted) have been trading quite closely over the past months, he said.

“As far as levels, for gold (GLD) we think a pullback into the 225-234 zone would be a timely spot to re-engage,” he said. “That would represent a roughly 5-8% pullback.”

When it comes to Silver (SLV), it “has yet to fully breakout above its May highs,” he said. “While you could argue that is still fuel to move higher, our thinking is we see this pullback into October and then you look to add into that dip in anticipation of a bigger more durable breakout.”