金价遇阻4550暂不构成双顶 托底力量源自政策博弈

Group 1 - The international gold price is currently trading around $4,471, with a latest quote of $4,514.76 per ounce, reflecting a decline of 0.39% [1] - The highest price reached today was $4,548.92 per ounce, while the lowest was $4,471.99 per ounce, indicating a short-term oscillating trend for gold [1] - The market is expected to focus on the upcoming U.S. November pending home sales data, although its impact may be limited due to low liquidity [2] Group 2 - The Federal Reserve announced a 25 basis point cut in the federal funds rate to a range of 3.50% to 3.75%, with a cumulative expected reduction of 75 basis points throughout 2025 [2] - The labor market is cooling and inflation pressures are easing, leading to expectations of at least two rate cuts in 2026, which may exert medium-term pressure on the U.S. dollar [2] - Recent comments from Trump regarding the next Fed chair maintaining low rates during good market performance have sparked discussions about the independence of the central bank, potentially undermining the credibility of U.S. dollar policies [2] Group 3 - Gold opened high today but faced resistance at $4,550, with a minimum price hitting the support level at $4,472, which was emphasized as a key support level last week [3] - The 20-period moving average remains unchanged at the resistance level of $4,520, and the volume has slightly contracted, suggesting limited rebound strength [3] - The bullish arrangement of the hourly moving average system indicates that prices may continue to rise after adjustments, with key levels at $4,500; a drop below this level would extend the consolidation period for gold [3]