IC Markets：黄金稳守4150美元下方，降息预期能否推动破局？

Core Viewpoint - Gold prices have stabilized below $4150, reaching a new high in over a week, driven by expectations of a Federal Reserve rate cut in December and ongoing geopolitical risks [1][3]. Market Dynamics - The market is increasingly betting on a 25 basis point rate cut by the Federal Reserve in December, with an implied probability of about 80% according to the CME Group FedWatch tool [3][4]. - Geopolitical uncertainties, particularly the escalation of the Russia-Ukraine conflict and tensions in the Middle East, are providing additional support for gold as a safe-haven asset [3][4]. Price Movements - Gold has reached a one-and-a-half-week high but has struggled to maintain upward momentum, with slight increases observed during the European session [3]. - The dollar index remains near multi-month highs, which has limited the upside for gold prices despite the dovish outlook for the Federal Reserve [3]. Technical Analysis - ICMarkets indicates that strong overnight gains have validated multiple support levels, including an upward trend line extending from late October and the 200-period EMA on the 4-hour chart [6]. - There is a significant possibility for gold prices to push towards the $4177-$4178 range and challenge the $4200 psychological level [6]. - If gold prices fall below the $4132-$4130 range, it may present a buying opportunity, with strong support expected around $4110-$4100 [6].