#ETH走势分析 December 8 Gold XAUUSD Technical Observation Notes💙

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[Market Background]
The Fed’s “hawkish rate cut” expectations have become the main factor suppressing gold prices at the moment. The market has basically priced in the rate cut expectation for the December 10 FOMC meeting—about an 89% probability of a 25 basis point cut—but investors are starting to worry that the Fed may deliver a more hawkish signal. As a result, the US Dollar Index rebounded to 99.07 in the early Asian session, which directly suppressed dollar-denominated gold.

[Technical Overview]
Looking at the 1-hour chart, gold has recently encountered strong resistance around the 4200 level. Yesterday, it surged to 4211.27 before quickly pulling back, and in today's Asian session, it is hovering near 4193, still unable to effectively break through that key level. The short-term rebound momentum is gradually weakening, and the candlesticks are consolidating in a narrow range between 4190 and 4200 with shrinking volume—this is typical of a weak rebound after a sharp drop.

[Trading Strategy]
Consider taking long positions in gold near the 4180-4190 range⬆️
Target: around 4210-4220

Although geopolitical risks such as the Russia-Ukraine conflict and China-US trade talks remain, the market’s full attention is now on Fed policy, and risk-off sentiment has been significantly weakened. As a result, these events provide much less support for gold prices.

The market is time-sensitive; interested friends can continue to follow up, and you are welcome to discuss if you have any questions.