#数字资产市场动态 Gold lacks momentum for a rebound; beware of high-level resistance
Gold has been fluctuating between 4320 and 4340 today. Last night, after plunging from 4467 to 4303, the rebound was very weak. The overall trend is a typical weak recovery—feeling like it wants to rebound but unable to do so.
From a macro perspective, the US dollar index remains around 98, seemingly supported, but in reality, the market's expectation of Fed rate cuts remains a downward pressure, limiting its support for gold. The latest US November CPI data dropped to 2.7%, hitting a new low. It sounds like inflation pressure has eased, but the data itself was affected by the government shutdown, so the Fed hasn't shown a clear shift in stance. Relying on this positive news for a significant rise in gold? That's unlikely.
On the technical side, things are not looking good. Both MA20 and MA90 are acting as resistance. The 4395-4400 zone is a strong resistance band; once the price rebounds to this level, caution is advised. The key support below is 4300; if it can't hold, risks will quickly escalate.
The trading strategy is simple: don't chase highs or sell lows blindly. When the rebound reaches around 4380-4400, consider small short positions, with a stop-loss above 4400, targeting the 4320-4300 range. If gold doesn't follow the usual pattern and drops straight below 4300, reduce positions immediately and avoid holding through this accelerating decline. With such high volatility now, stay alert to market changes and the dollar's movements; ignoring these factors is not an option. $XAU
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AirdropSkeptic
· 2h ago
Gold's recent rebound is just feeling the effort without the strength to follow through.
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If 4300 can't hold, the decline will accelerate, so we need to be cautious.
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CPI data is being discounted; the Federal Reserve remains ruthless and relentless.
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With the dollar so strong, it's too difficult for gold to turn around.
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Trying short at 4380 feels a bit risky, doesn't it?
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Now gold is like a weakening little mouse, looking lethargic.
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With such high volatility, still ignoring it? You're asking for trouble.
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The macro environment indeed hasn't given gold a chance to breathe.
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GasBandit
· 10h ago
This wave of gold is just struggling; only when it breaks 4300 will it be time to really run.
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OnchainFortuneTeller
· 13h ago
Gold's recent rebound really can't be sustained; if it drops below 4300, it's game over.
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MA is pressing down hard, what else can we expect? It's extremely weak.
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Who can handle this downward momentum? Need to reduce positions quickly.
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Neither the dollar nor CPI are providing support; gold is lethargic.
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Stop chasing; when it rebounds to 4400, it's time to exit. Set your stop-loss properly.
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Feels like it's about to break again; I don't dare to hold heavy positions now.
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Accelerating downward movement is really dirty; I've already exited.
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If 4300 can't hold, the entire market will be ruined.
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With such poor macro fundamentals, why would gold still want to rebound?
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With such high volatility, do you still dare to sleep? Only monitoring the market makes me feel at ease.
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SnapshotLaborer
· 13h ago
Weak correction is just a trap; if 4300 breaks, we all have to run.
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AirdropFatigue
· 13h ago
This wave of gold really isn't interesting. It dropped straight from 4467, and the rebound is no different from nothing. Why are we just dawdling here?
Looking at the Fed's attitude, it's clear there's no hope. Although CPI has come down, the data is questionable. Don't expect any good news for gold.
We must hold the 4300 line firmly; otherwise, if it accelerates downward, we’ll have to run. Don't stubbornly hold on.
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MissedAirdropAgain
· 13h ago
This wave of gold rebound is really weak; if it breaks 4300, I have to run.
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BearHugger
· 13h ago
Once again, the market is not moving up, so frustrating.
The rebound strength of gold is indeed weak; I'm already tired of the rhythm where it hits 4400 and then pulls back.
With such weak rate cut expectations and inflation data being discounted, no wonder gold prices can't get any momentum.
If it can't hold above 4300, I'll just go all-in; no need to waste time.
This bearish strategy is good; consider positioning when the rebound reaches 4380-4400.
Speaking of which, if the Federal Reserve doesn't take action soon, gold will continue to adjust.
Stop-losses must be set properly; this market's risk can explode very quickly.
#数字资产市场动态 Gold lacks momentum for a rebound; beware of high-level resistance
Gold has been fluctuating between 4320 and 4340 today. Last night, after plunging from 4467 to 4303, the rebound was very weak. The overall trend is a typical weak recovery—feeling like it wants to rebound but unable to do so.
From a macro perspective, the US dollar index remains around 98, seemingly supported, but in reality, the market's expectation of Fed rate cuts remains a downward pressure, limiting its support for gold. The latest US November CPI data dropped to 2.7%, hitting a new low. It sounds like inflation pressure has eased, but the data itself was affected by the government shutdown, so the Fed hasn't shown a clear shift in stance. Relying on this positive news for a significant rise in gold? That's unlikely.
On the technical side, things are not looking good. Both MA20 and MA90 are acting as resistance. The 4395-4400 zone is a strong resistance band; once the price rebounds to this level, caution is advised. The key support below is 4300; if it can't hold, risks will quickly escalate.
The trading strategy is simple: don't chase highs or sell lows blindly. When the rebound reaches around 4380-4400, consider small short positions, with a stop-loss above 4400, targeting the 4320-4300 range. If gold doesn't follow the usual pattern and drops straight below 4300, reduce positions immediately and avoid holding through this accelerating decline. With such high volatility now, stay alert to market changes and the dollar's movements; ignoring these factors is not an option. $XAU