#以太坊行情解读 Friday is a crucial day for gold movement; you must understand the market logic thoroughly!

The macro environment is extremely supportive—US CPI unexpectedly fell, directly fueling expectations of a Fed rate cut. Central bank officials are openly calling for a 100 basis point cut, the dollar index has already fallen below 99, and the RMB has appreciated to a 14-month high. These series of changes are continuously positive for precious metals. Looking at the Bank of Japan, although the market bets on a possible shift in December, currently they remain on hold at 0.5%, so gold faces no short-term pressure.

How to interpret the technical aspect? The spot gold price in London is oscillating around 4335, with a rally early yesterday morning followed by a pullback—this wave of market behavior is a typical range-bound pattern. We previously emphasized that above 4290 should be bullish, and the 4308-10 level is a critical barrier. Now, 4320 is a short-term lifeline—holding it ensures the bulls are safe. The 4350 level has been tested several times; initial pullbacks were deep, but recent two attempts have been shallower, indicating weakening resistance. Breakthrough is only a matter of time.

Regarding trading strategies, the most taboo is rushing. In a volatile market, misjudging the rhythm can easily cause self-inflicted damage. Today’s focus remains on buying low; do not chase highs! Once the market pulls back to 4320-4310, especially near the support at 4308-10, you can enter long positions in batches. The key level to watch is 4350; if the price can hold steady at midday, it’s likely to continue upward. If it doesn’t hold, don’t panic—so long as 4320 isn’t broken, the sideways bullish pattern remains intact.

The core logic is simple: the last upward surge in a rising trend is the bottom line, and now 4308-10 is that line. With macro support from rate cuts and a weak dollar, and technical resistance weakening, Friday, as the week’s closing day, will be decisive for the next move—rather than rushing blindly, it’s better to wait for a clear bullish signal before acting, which is much safer.

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