Core Viewpoint - The gold market is experiencing a volatile trading pattern, with prices fluctuating between $4170 and $4260, as investors await the Federal Reserve's interest rate decision, which is expected to be a key factor influencing future price movements [1][2][5]. Group 1: Market Conditions - On December 8, spot gold saw a slight increase, trading around $4215, supported by a moderate decline in the U.S. PCE price index, which bolstered expectations for a rate cut by the Federal Reserve [1][5]. - The U.S. consumer confidence index has significantly rebounded, leading to increased market divergence [1][5]. - U.S. Treasury yields have rapidly rebounded, diverting funds and causing erratic movements in gold prices, which have shown a pattern of sharp rises followed by quick declines [1][5]. Group 2: Technical Analysis - The gold market is currently characterized by a typical oscillating pattern, with key resistance and support levels identified at $4260 and $4170, respectively [2][6]. - The price action on Friday showed a sudden spike to $4260, followed by a rapid drop, indicating that as long as the $4260-$4170 range remains unbroken, gold will continue to trade within this volatile range [2][6]. - Key support levels are concentrated between $4163 and $4175, which are critical for bullish positions [7]. Group 3: Trading Strategy - The recommended trading strategy is to operate within the $4180-$4260 range, focusing on short-term trades rather than long positions due to the lack of a solid foundation for sustained price increases [3][7]. - Investors are advised to monitor the $4195-$4185 range for potential entry points, while being cautious of the upcoming Federal Reserve decision, which could trigger a reversal if the market reacts negatively to a rate cut [7].
文承凯:黄金多空因素交织下宽幅震荡 今日行情分析
Xin Lang Cai Jing·2025-12-08 13:27