【Macroeconomic Background】 The Federal Reserve's December rate cut has been officially implemented. Although there are disagreements among hawkish members, Powell's statements did not signal a strong continuation of tightening. This indicates that the market’s expectation of liquidity easing remains justified— the US dollar index is under pressure, and US Treasury yields are falling, supporting gold.
At the same time, the global central bank gold buying trend shows no signs of stopping. Countries like China and Poland continue to increase their gold reserves, and Russia has even announced a ban on gold bar exports, further tightening supply. Geopolitical risks persist, and the theme of "de-dollarization" remains long-term. The dual demand for gold as a safe haven and reserve asset stays high.
【Technical Perspective】 Looking at the 1-hour chart of spot gold, the price has successfully broken through the previous consolidation range. Moving averages are aligned in a bullish pattern, MACD has issued a bullish crossover with increased volume, and the Bollinger Bands are opening upward with the price stabilizing above the upper band. The short-term upward trend is confirmed.
【Trading Strategy】 The pullback area after the breakout (around 4220-4210) is an ideal entry zone for long positions. The target is set around 4230-4240.
Markets can change rapidly, so key levels must be closely monitored to seize every opportunity.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
4
Repost
Share
Comment
0/400
DaoDeveloper
· 12-11 00:02
tbh powell's not sending the hawkish vibes anymore, so the macro setup actually checks out... but lemme see if the technicals truly hold at these levels or if it's just another fakeout before the actual dump lol
Reply0
FunGibleTom
· 12-11 00:01
Another rate cut and central bank gold hoarding, feels like gold is about to take off... But can it really retest the 4220 level? I have a feeling it might just surge past it directly.
View OriginalReply0
GasFeeGazer
· 12-10 23:44
Breakout pullback is a buy signal. Keep a close eye on the 4220 level. This gold move really can't be missed.
View OriginalReply0
MEVEye
· 12-10 23:44
Gold has broken below support, but how long this rate cut can hold remains to be seen. If the US dollar index truly breaks away, we'll have to wait and see.
#美联储启动新一轮降息周期 Asian Market Gold Trend Observation: From Fundamentals to Technical Opportunities💙
$BTC $BNB $XRP
【Macroeconomic Background】
The Federal Reserve's December rate cut has been officially implemented. Although there are disagreements among hawkish members, Powell's statements did not signal a strong continuation of tightening. This indicates that the market’s expectation of liquidity easing remains justified— the US dollar index is under pressure, and US Treasury yields are falling, supporting gold.
At the same time, the global central bank gold buying trend shows no signs of stopping. Countries like China and Poland continue to increase their gold reserves, and Russia has even announced a ban on gold bar exports, further tightening supply. Geopolitical risks persist, and the theme of "de-dollarization" remains long-term. The dual demand for gold as a safe haven and reserve asset stays high.
【Technical Perspective】
Looking at the 1-hour chart of spot gold, the price has successfully broken through the previous consolidation range. Moving averages are aligned in a bullish pattern, MACD has issued a bullish crossover with increased volume, and the Bollinger Bands are opening upward with the price stabilizing above the upper band. The short-term upward trend is confirmed.
【Trading Strategy】
The pullback area after the breakout (around 4220-4210) is an ideal entry zone for long positions. The target is set around 4230-4240.
Markets can change rapidly, so key levels must be closely monitored to seize every opportunity.