Can Gold Maintain the $4,000 Level?

Summary of Key Events

• Federal Reserve Governor Waller advocated for a rate cut in December, citing a weakening labor market.
• In Japan, despite the holiday, the yen continues to weaken gradually.

Gold Daily Chart Analysis

Gold has rebounded from the 52-day EMA but faces resistance at the 26-day EMA, keeping prices in a consolidation phase around $4,000. This level has become the center of a range, and the ability to hold above $4,000 will be a key focus. The 61.8% Fibonacci retracement is providing support. If new catalysts emerge and demand for gold rises, a breakout could occur. After a period of sharp rallies, gold is showing signs of stabilization.

Traders should watch whether the RSI falls below 50 — buying on dips remains a favorable approach.

Gold Day-Trade Strategy

The 26EMA remains a resistance line, while higher lows suggest a mild upward trend. Gold appears to be forming a range centered around $4,000, though the market currently lacks a clear direction. Limited movement is expected before the European and U.S. sessions open.

A buy-limit order near the low $3,900 range may be considered.

Key Economic Data Today

Note: U.S. data releases may be delayed due to the ongoing government shutdown.

Indicator	Time (JST)
U.S. PMI	23:45