The Fed's expectation for a rate cut in December has strengthened, with a probability of 89%. The poor ADP employment data in the U.S. has led to a weakening of the dollar, while continuous gold purchases by global central banks and geopolitical risk aversion have provided support for gold prices!
From a technical perspective, the daily bullish trend remains intact, with gold prices firmly standing in the key support range of 4180-4200, and the moving average system showing an upward divergence pattern. The 4-hour chart shows that gold prices rebounded after hitting a low, and the day's trading suggestion is to go long relying on the low support level!
Trading idea: Buy at 4215, targeting around 4260! $BTC $ETH #比特币VS代币化黄金 #美联储重启降息步伐
