XAUUSD

Gold, which compensates for its losses after the interest rate cut with the weakness of the dollar, is priced in the positive zone; however, the current outlook does not provide a clear signal that the decline has ended. According to CME data, the probability of an interest rate cut in December has decreased from 90% to 70%, increasing uncertainties regarding the Fed's next steps. Technically, as long as it stays below the 4010–4059 range, the short-term outlook remains negative, with support levels at 3855 and 3820 continuing to be relevant. On the other hand, if a 4-hour closing is seen above this range, a recovery potential towards the 4131–4161 range may emerge.