申万宏源：金价上行趋势尚未结束

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1月23日，申万宏源策略研报指出，综合宏微观来看，金价上行趋势尚未结束，短期关注地缘冲突事件。宏观层面来看，黄金四大定价因素的乐观倾向均未出现改变，则中长期向上空间仍存，短期市场情绪变数主要集中在地缘冲突事件，警惕事件平息带来的乐观情绪消退。微观层面来看，1）量价：黄金价格均线偏离度维持高位，但是RSI相对健康；2）衍生品：虽然波动率维持历史高位，但是并未达到极值，同时认沽认购成交量比仍有下行空间...

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