#美联储重启降息步伐 XAUUSD Gold Technical Review for the Early Session on December 8💙

$BTC $ETH $SOL

[Market Background]
The Fed’s “hawkish rate cut” expectations continue to weigh on the market. The market has basically priced in a 25 basis point rate cut at the Federal Reserve’s December 10 meeting (probability about 89%), but there are concerns the Fed may signal an even more hawkish stance—as a result, the US Dollar Index rebounded to 99.07 in the early Asian session, which directly pressured dollar-denominated gold.

[Technical Highlights]
Zooming out to the 1-hour chart, gold prices have been stuck near the 4200 level for a long time. After testing 4211.27 yesterday, prices quickly plunged. In today's early session, gold hovered around 4193 and has yet to effectively break through this resistance level. The momentum of the short-term rebound is fading, and the current candlesticks are consolidating in low volume between the 4190-4200 range—a typical pattern of weak recovery after a sharp drop.

[Trading Ideas]
If gold pulls back to the 4180-4190 support area, consider going long ⬆️
🎯: Target around 4210-4220

[Risk Factors]
Geopolitical events like the Russia-Ukraine situation and China-US trade negotiations are still ongoing, but the market’s focus is entirely on Fed policy expectations now—the safe-haven appeal of gold has been significantly diminished, and these external events provide less support for gold.

Numbers speak for themselves. Watch the key levels closely and don’t overthink it. If you’re unsure, keep monitoring, and feel free to discuss any questions.