12.8 AM Gold XAUUSD Analysis 💙
News:
The expectation of a 'hawkish rate cut' from the Federal Reserve has become the main pressure point, with the market largely pricing in a 25 basis point rate cut at the Federal Reserve's meeting on December 10 (current probability about 89%). However, concerns over a 'hawkish rate cut' continue to simmer—investors expect the Federal Reserve may signal a tightening stance, driving the dollar index to rebound to 99.07 in the Asian market, directly suppressing the price of gold denominated in dollars.
Technical Analysis:
From the 1-hour timeframe, gold prices are currently facing strong resistance around the 4200 level. After quickly retreating from a peak of 4211.27 yesterday, today’s Asian session is trading near 4193, failing to effectively break above this resistance level, with short-term rebound momentum continuing to converge. The current candlestick is oscillating in a reduced volume range between 4190-4200, showing a weak recovery rhythm after a sharp decline.
Operational Suggestion:
Gold is expected to rise near 4180-4190 North ⬆️
🎯: Around 4210-4220
Despite ongoing geopolitical risks such as the Russia-Ukraine conflict and China-U.S. trade discussions, the current market focus is on Federal Reserve policy expectations. The impact of geopolitical events on safe-haven assets has been significantly diluted, failing to provide effective support for gold prices.
The content is actionable, keep a close eye on the levels without hesitation. Friends who are unsure, quickly pay attention and feel free to ask Sister Fei anytime.
