🟡 Gold Holds Rebound Below $4,150 as Fed Cut Bets Grow
Gold trades firm in early Asia but remains capped under the key $4,150 resistance, supported by rising expectations of a Fed rate cut in December.
📊 Technical Overview
- Current Price: $4,148
- Break above $4,150 → signals stronger bullish continuation
- Resistance: $4,245, $4,380
- Support: $3,958, $3,886, $3,750
📉 Fundamentals
- Markets price 67% odds of a December Fed rate cut → supportive for gold
- Gold is on track for its 4th straight monthly gain
- USD and yields are mixed, allowing gold to stay stable
- Geopolitical uncertainty keeps safe-haven demand steady
🎯 What to Watch
- Major US data on Nov 25:
- PPI
- Retail Sales
These reports will be the next key market drivers before the Thanksgiving holiday.
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