📊 12.10 Gold Jin Jingwen Morning Review: Early session fluctuates and strengthens, focus on buying dips before rate decision

In early Asian trading, spot gold showed a narrow range of fluctuation, currently trading near $4,200. Despite strong US employment data, gold prices continue to climb strongly—ongoing Fed rate cut expectations and a significant surge in silver prices are providing key upward momentum for London gold. In addition, Trump’s latest comments on tariffs are attracting dip buyers, further supporting international gold prices. However, Tuesday’s US job openings data exceeded market expectations, pushing the US dollar index to extend its rebound and US Treasury yields to hit a three-month high, which has made gold bulls somewhat cautious—the upward movement is not entirely smooth.

From a medium- to long-term perspective, gold’s trend is always accompanied by balancing future uncertainties. If inflation pressures gradually ease, a low-interest-rate environment will continue to support gold prices. Going forward, it is important to focus on the interaction between economic data and Fed policy, and avoid blindly chasing rallies, especially before the Fed’s rate decision, as gold market trading is likely to turn cautious.

Technical Analysis

Gold rebounded after probing lower yesterday, stopping its decline around 4,170 and closing the daily candle with a small gain, with New York closing firmly above the MA10 daily moving average, and overall maintaining a range between the middle and upper Bollinger Bands. In the short term, the four-hour chart shows the Bollinger Bands beginning to narrow, the RSI indicator adjusting around the midline, and the moving averages are converging; on the hourly chart, after bottoming at 4,170, gold has formed a clear rebound, the Bollinger Bands are opening upward, moving averages are spreading, and the price continues to operate in the middle and upper Bollinger Band area.

Technically, gold’s correction cycle has not fully ended, and the choppy pattern of alternating bulls and bears may continue, but after yesterday’s rebound, bulls have gained some advantage. For intraday trading, it is recommended to focus on buying on dips, and pay particular attention to the Fed rate decision and Powell’s speech at 3 AM today—market expectations for a rate cut this time have risen to 80%, and the decision may trigger sharp gold price volatility.

Trading Strategy

• For short-term pullbacks to the 4,175–4,180 range, consider long positions, with a stop loss at 4,160 and targets at 4,220–4,250;

• For short-term rebounds to the 4,220–4,225 range, consider short positions, with a stop loss at 4,240 and targets at 4,150–4,170.

Key Levels

• Support: 4,200 (first support), 4,192 (second support), 4,176 (third support)

• Resistance: 4,220 (first resistance), 4,233 (second resistance), 4,248 (third resistance)

The above views represent personal analysis only and do not constitute investment advice. The market carries risks; please trade with caution. #参与创作者认证计划月领$10,000 #美联储降息预测 #XAUT