I. Core Driving Factor Analysis
The Federal Reserve cut interest rates by 25 basis points for the second consecutive time, lowering the target range to 3.75%-4.00%, while announcing the end of balance sheet reduction on December 1st. A rare split emerged within the decision-making process, indicating lingering uncertainty regarding the policy path.
The market exhibited a "good news priced in" trend. Fed Chair Powell’s cautious remarks on a potential December rate cut have weakened gold’s short-term appeal, with the divergence in policy expectations becoming the primary factor suppressing prices.
In the medium to long term, the direction of the easing cycle remains unchanged. BRICS+ countries continue to increase their gold holdings at a quarterly rate of 710 tons, providing solid support for gold prices. The fundamental underpinnings of gold’s safe-haven value—such as stagflation concerns and geopolitical risks—remain robust.
II. Gold Technical Layout Strategy
Gold has successfully broken through the resistance level of 4,048.00 and is currently trading around 4,118.00. The 1-hour chart shows that a strong upward trend has been confirmed for the price.
Trading Recommendations:
- Enter long positions when the price pulls back to near the support level of 4,046.00
- Stop-loss: Below 4,010.00
- Target level: Around 4,137.00
III. Silver Technical Layout Strategy
Silver has strongly broken through the resistance level of 48.900 and is currently trading around 49.960. The 4-hour chart indicates that a strong upward trend has been established for the price.
Trading Recommendations:
- Enter long positions when the price pulls back to near the support level of 49.450
- Stop-loss: Below 48.260
- Target level: Around 52.450
Risk Warning
The trading market carries unpredictable risks, including but not limited to the loss of principal. This analysis is for reference only and does not constitute direct investment advice. Investors should make independent judgments and decisions based on their own risk tolerance.