#美联储重启降息步伐 December 9 Morning Gold Market Observation:

Gold has been in a weak oscillating pattern on the 4-hour K-line, heavily suppressed by the moving averages. From the chart, the downward structure hasn't been broken yet. Although the KDJ indicator is approaching oversold, which theoretically brings rebound potential, there's no positive fundamental news to support it right now. So any rebound will likely just test the moving average resistance before falling back—don't expect a strong rally.

Identifying support and resistance is crucial—if 4176.18 is breached on the downside, gold will continue to drop, with eyes on 4153.04. On the upside, only a firm hold above 4195 could open the way to the 4205-4210 area.

The biggest mistake in the current market is blindly chasing long or short positions. The right approach is to wait at key price levels and act only after confirming their validity. The overall strategy is to follow the short-term weak trend, using a combination of "buying at lows + selling at highs" to capture structural opportunities.

**Long strategy**: Build long positions in batches between 4175-4185, set stop-loss below 4170, and target 4200-4215. If 4215 is strongly broken, you can aim for 4220.

**Short strategy**: Set up short positions in the 4205-4210 rebound zone, with stop-loss above 4215. The first target is 4190-4180; if 4180 is effectively broken, you can continue to target 4176-4170.

The Fed’s rate cut progress remains the backdrop for gold price action—keep an eye on it.