Marginal weakening of macroeconomic negative factorsDigestion of hawkish remarks from the Federal Reserve: Previously, Fed officials issued a series of signals indicating "no immediate rate cut", causing the probability of a rate cut in December to drop from 66% to below 50%, but the market has now fully absorbed this negative factor. The impact of further hawkish statements from the Fed will weaken. Moreover, the core PCE in the US has continued to fall to 2.8% in October, indicating weak economic data, which still leaves room for long-term rate cuts. The negative factors are unlikely to continue to intensify.
The retreat of risk aversion has slowed down: The short-term negative factors such as the US government shutdown and the easing of the geopolitical situation in Venezuela have been released. Potential risks such as the situation in the Middle East and the crisis in the Red Sea shipping route still exist. The market's sensitivity to negative factors has decreased, and there is no new catalyst for the decline.
Gold trading strategy
buy：4000-4010
tp:4020-4030
sl:3990
