On December 8, during the late trading hours in the Asian market, spot gold fluctuated and rebounded to around $4209/ounce, showing a short-term bullish trend from a technical perspective—gold prices stabilized above the 20-day SMA, with RSI maintaining above 60, and being within a three-month ascending channel.

This week's core focus is the Federal Reserve's interest rate meeting on December 9-10, with the market expecting an 87% probability of a 25 basis point rate cut. The resolution itself may not trigger significant volatility, with the dot plot and Powell's speech becoming key variables: if the interest rate remains unchanged, gold prices may sharply decline; if there is a rate cut and expectations for rate cuts in 2026 are ≥75 basis points, gold is expected to rebound in the short term; if next year's rate cut expectations are ≤50 basis points, gold prices will be under pressure. Powell's statements on inflation and the labor market will also affect the direction of the dollar, thereby impacting gold prices.

From a technical perspective, the upward resistance is first seen at $4300-4315/ounce, then at the historical high of $4380/ounce; the downward support levels are sequentially $4130-4150/ounce, $4070-4077/ounce, and $3975/ounce. $BTC #比特币VS代币化黄金