香港第一金：美联储降息预期持续发酵，黄金高位震荡

Group 1 - The gold market is influenced by expectations of a Federal Reserve rate cut in December, with probabilities maintained above 80% [2] - Geopolitical developments, particularly regarding the Russia-Ukraine negotiations, are creating risk-averse sentiment that impacts gold prices [2] - Technically, gold prices are in a high-level consolidation pattern, with key resistance at the $4190-$4200 range and support at $4100-$4110 [2] Group 2 - A trading strategy suggests short positions at the $4190-$4200 range with a target around $4150 and a stop-loss at $4210 [3] - A support strategy indicates long positions in the $4120-$4130 range, targeting $4150-$4190 with a stop-loss at $4107 [3] - Market liquidity may remain thin due to the U.S. Thanksgiving holiday, potentially amplifying price volatility [4]