#数字资产市场动态 Gold stabilizes and rebounds, is the bottoming window here?

The technical situation looks good. The short-term moving average just experienced a golden cross, reversing from a previous bearish alignment into a small rebound trend. Currently, the price around 4360 is stuck between MA7 and MA90, with 4348 to 4366 being the core consolidation zone. There is a golden cross supporting at 4348 below, and MA90 pressing down at 4366 above.

The macro perspective also provides some support. The 10-year US Treasury yield has fallen to around 4.11%, a retreat from earlier levels, and the US dollar index hasn't moved much, hovering between 97.98 and 98.12. Plus, the US November CPI has returned to the "2 era," and the market is beginning to anticipate the Fed's rate cut pace next year. These factors are all providing a foundation for gold.

How to operate? The core logic is simple—don't be too greedy.

The highest probability is for consolidation. Around 4348 to 4350, you can try a small long position, with a stop-loss below 4340. First, observe whether the resistance at 4366 can be broken; if volume breaks through and stabilizes above 4366, then continue to look for upward movement from 4340. Conversely, if it falls below 4347, exit immediately—don't hold on stubbornly, as it may retest 4317.

Pay close attention to the 14:30 European session open. Volatility will significantly increase then, and the direction breakout depends entirely on whether volume supports it. Never chase blindly. The trend of $XAU will depend on this critical period.