#美SEC促进加密资产创新监管框架 December 8 Morning Gold XAUUSD Technical Analysis

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[Fundamental Drivers]
The Federal Reserve is about to hold its December 10 FOMC meeting. The market has basically priced in a 25 basis point rate cut (probability about 89%), but concerns about a “hawkish cut” continue to rise. Investors generally expect the Fed to send a slightly hawkish signal, which has directly pushed up the US Dollar Index—rebounding to the 99.07 level in early Asian trading, putting clear pressure on dollar-denominated gold. Meanwhile, although geopolitical factors such as the Russia-Ukraine conflict and trade negotiations still persist, the current market focus has completely shifted to central bank policy moves, and the appeal of safe-haven assets has been significantly diluted.

[Technical Observation]
On the 1-hour chart, gold prices encounter strong resistance around the 4200 level. After testing 4211.27 yesterday, prices quickly retreated, and in today’s Asian session have been fluctuating around 4193, unable to effectively break through the resistance zone. The current candlesticks are in a narrow, low-volume range between 4190-4200, showing a weak recovery pattern after a sharp drop, with short-term rebound momentum continuing to weaken.

[Trading Suggestions]
Gold support is locked in the 4180-4190 range ⬆️
🎯 Target: Around 4210-4220

Market prices change rapidly; it is recommended to closely monitor, and if unsure, confirm signals before taking action. Feel free to discuss further at any time.