{"id":23416,"date":"2025-12-04T06:40:31","date_gmt":"2025-12-04T06:40:31","guid":{"rendered":"https:\/\/www.maxainasia.com\/?p=23416"},"modified":"2025-12-04T06:40:31","modified_gmt":"2025-12-04T06:40:31","slug":"daily-commentary-310","status":"publish","type":"post","link":"https:\/\/www.meisheng.asia\/th\/daily-commentary-310-20251204\/","title":{"rendered":"\u0e17\u0e2d\u0e07\u0e04\u0e33\u0e1e\u0e31\u0e01\u0e15\u0e31\u0e27\u0e01\u0e48\u0e2d\u0e19\u0e02\u0e32\u0e02\u0e36\u0e49\u0e19\u0e23\u0e2d\u0e1a\u0e16\u0e31\u0e14\u0e44\u0e1b"},"content":{"rendered":"<ul style=\"color:#f40307\" class=\"wp-block-list has-text-color\">\n<li><strong>Gold flirts with $4,200 as the bull-bear tug-of-war extends into early Thursday.<\/strong><\/li>\n\n\n\n<li><strong>US Dollar rebounds alongside Treasury bond yields on profit-taking ahead of US Jobless Claims data.<\/strong><\/li>\n\n\n\n<li><strong>Gold\u2019s path of least resistance appears to the upside, as seen in the daily chart.<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Gold has entered a phase of upside consolidation, oscillating in a familiar range around the $4,200 mark, awaiting more US jobs data for fresh hints on the US Fed interest rate outlook beyond the December monetary policy meeting.<\/p>\n\n\n\n<p>The top-tier US ADP Employment Change and US ISM Services PMI data released on Wednesday failed to impress and served little to alter market expectations for a 25 basis points (bps) rate cut by the Fed next week.<\/p>\n\n\n\n<p>The ISM Services PMI showed little improvement in November at 52.6 versus 52.4 in October, while US private payrolls unexpectedly declined by 32K in November, following a revised 47K increase. Analysts\u2019 estimated a job gain of 5K.<\/p>\n\n\n\n<p>Markets continued to price in around a 90% chance that the Fed will deliver the expected 25 bps rate cut next week, according to the CME Group\u2019s FedWatch Tool.<\/p>\n\n\n\n<p>Dovish Fed expectations kept the downside cushioned in Gold on Wednesday, while the bullish attempts were limited by a bout of profit-taking as sellers once again lurked near the $4,250 region.<\/p>\n\n\n\n<p>Looking ahead, with a December Fed rate cut almost certain, markets are scouting for hints on the US central bank\u2019s easing trajectory for early 2026.<\/p>\n\n\n\n<p>In the absence of any clarity on that front, the incoming US Jobless Claims and the sentiment on Wall Street will continue to drive Gold price action, with moves likely to b restricted.<\/p>\n\n\n\n<h5 class=\"wp-block-heading has-vivid-red-color has-text-color has-small-font-size\">\u0e01\u0e32\u0e23\u0e27\u0e34\u0e40\u0e04\u0e23\u0e32\u0e30\u0e2b\u0e4c\u0e17\u0e32\u0e07\u0e40\u0e17\u0e04\u0e19\u0e34\u0e04\u0e23\u0e32\u0e22\u0e27\u0e31\u0e19<\/h5>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"364\" src=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2025\/12\/image-3-1024x364.png\" alt=\"\" class=\"wp-image-23417\" srcset=\"https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/12\/image-3-1024x364.png 1024w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/12\/image-3-300x107.png 300w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/12\/image-3-768x273.png 768w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/12\/image-3-18x6.png 18w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/12\/image-3.png 1536w\" sizes=\"(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/figure>\n\n\n\n<p>In the daily chart, XAU\/USD trades at $4,197.02. The 21-, 50-, 100-, and 200-day SMAs rise in bullish sequence, with the 21-day above the longer tenors. Price holds above all these gauges, keeping the near-term bias upward. The 21-day SMA at $4,126.81 offers nearby dynamic support. The RSI-1414 stands at 59.83, signaling firm momentum while staying short of overbought.<\/p>\n\n\n\n<p>Measured from the $4,381.17 high to the $3,885.84 low, the 61.8% retracement at $4,191.95 is being reclaimed, and a sustained close above it would weaken the preceding bearish leg. Further strength would put the 78.6% retracement at $4,275.16 in play as resistance. Holding above the short-term average would keep the path skewed to the upside, while a rejection back below the 61.8% retracement could trigger a pullback toward the medium-term trend.<\/p>","protected":false},"excerpt":{"rendered":"<p>Gold has entered a phase of upside consolidation, oscillating in a familiar range around the $4,200 mark, awaiting more US jobs data for fresh hints on the US Fed interest rate outlook beyond the December monetary policy meeting. The top-tier US ADP Employment Change and US ISM Services PMI data released on Wednesday failed to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.meisheng.asia\/th\/daily-commentary-310-20251204\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GOLD consolidates before the next leg north&#8221;<\/span><\/a><\/p>","protected":false},"author":5,"featured_media":17233,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-23416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-commentary"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/comments?post=23416"}],"version-history":[{"count":1,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23416\/revisions"}],"predecessor-version":[{"id":23418,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23416\/revisions\/23418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/media\/17233"}],"wp:attachment":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/media?parent=23416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/categories?post=23416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/tags?post=23416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}