#加密生态动态追踪 December 10th Precious Metals Market Focus: Technical and Fundamental Analysis of Gold (XAUUSD)

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Fundamental Drivers Analysis:

1. Steady Support from Federal Reserve Policy Expectations—The market has priced in an 87.4% probability of a 25 basis point rate cut by the Federal Reserve this month. During rate cut cycles, the opportunity cost of holding gold decreases, directly attracting global funds into the precious metals market. Even with potential "hawkish" maneuvers during the rate cut process, pre-positioned buy-the-dip orders have formed a fundamental support level, providing a solid policy basis for short-term bullishness.

2. Continued Weakness of the US Dollar Index—Latest data shows that on December 10th, the US Dollar Index stood at 99.2, near a 1.5-month low. The depreciation of the dollar directly boosts the value of gold priced in USD. The global "de-dollarization" process also creates structural space for long-term appreciation of gold, while short-term exchange rate movements offer strong support for bullish positions.

3. Significant Co-movement in the Precious Metals Sector—Spot silver surged over 4% on Tuesday in a single day, breaking the historic high of $60 per ounce. The strong performance of silver has boosted overall bullish sentiment across the precious metals sector, further enhancing the attractiveness of gold as a core safe-haven asset.

Technical Trend Analysis:

From the 1-hour chart perspective, after a deep dip to around 4187.84, the price quickly rebounded, confirming this level as a short-term key support. The candlestick pattern shows typical signals of a halt in decline and reversal near the support, indicating that buying interest is gradually emerging below. After the intraday spike and pullback, the price has deviated from the short-term moving averages, suggesting a technical correction and rebound demand. Considering the current quote is in the mid-to-lower range of the intraday volatility zone, there is still room for further upward testing.

Trading Strategy Reference:

Look for long opportunities around 4190-4180
Target resistance levels around 4220-4230

Market conditions are highly dynamic; key levels should be closely monitored, and continued observation is recommended when uncertain.