Core Viewpoint - Recent weak U.S. economic data has strengthened expectations for a Federal Reserve interest rate cut, supporting a rise in gold prices, which reached a half-month high [1][2] Group 1: Economic Data Impact - The U.S. economic data showed signs of weakness, including a reduction in job openings and a significant drop in consumer confidence, indicating the impact of tariffs on the U.S. economy [2] - The probability of a rate cut in December has increased to 64%, enhancing the attractiveness of holding gold [2] Group 2: Gold Price Movements - Gold prices have been fluctuating within the range of $4100 to $4150, with support levels at $4100 and $4080, and resistance at $4150 and $4200 [1][4] - After a significant rise on Monday, gold has maintained a range-bound adjustment for two consecutive days, with recent trading around $4123 [1][4] Group 3: Technical Analysis - The daily chart indicates that gold has stabilized and is showing a relatively strong short-term performance, with key support levels at $4100 and $4075, and resistance near $4150 [4] - The 5-day moving average is forming a golden cross, while the MACD indicator shows a dead cross turning upwards, suggesting a potential for rebound despite facing upward pressure [4]
黄力晨：美联储降息预期升温 黄金价格止跌回升
Sou Hu Cai Jing·2025-11-12 15:05