The overall transformation of gold has weakened recently, and a reversal has begun to appear. However, the overall core friends' important support has upward momentum, and the expectation for an interest rate cut on December 16th is strong.

The Federal Reserve Chairman still hopes to cut by 25 basis points, driving a wave of gold purchases, so the upward trend remains the main theme. The global economic growth is slowing, and risk aversion keeps gold as the main label. Investment demand is strong, but contracts are still in a fast-paced rhythm, with significant fluctuations. It is recommended to seize suitable entry opportunities.

Suggestion: Look for a stable profit-taking around 4185, with a larger range around 4225. #美联储重启降息步伐