金晟富：11.18黄金震荡承压弱势下行！日内黄金行情分析参考

Market Overview - The market sentiment has shifted significantly, with investors reducing expectations for a Federal Reserve rate cut next month, leading to downward pressure on gold prices [1][2] - The current trading price of gold is around $4030, continuing its downward trend due to the strong dollar and reduced rate cut expectations [1][2] Federal Reserve Influence - Recent hawkish comments from Federal Reserve officials have reinforced market perceptions of maintaining high interest rates, further diminishing gold's appeal as a non-yielding asset [1][2] - Market pricing for a 25 basis point rate cut in December has dropped to approximately 45%, down from 60% the previous week, indicating a significant shift in sentiment [2] Technical Analysis - Gold has shown a clear downtrend, with a "three consecutive bearish candles" pattern indicating a weak short-term outlook [3] - The price is currently operating below the five-day moving average, suggesting continued bearish momentum [3] Trading Strategy - The recommended trading strategy is to maintain a bearish outlook, with specific entry points for short positions around the 10-day moving average at $4055 and potential targets at $4005 and $3976 [5][6] - For potential long positions, a buy strategy is suggested around $3975-$3980, with targets set at $4000-$4010 [6] Key Levels - Resistance levels are identified at $4055, $4075, and $4095, while support levels are at $4005, $3976, and $3930 [5][6]