2025-12-06 09:23:33

Last week, gold saw repeated tug-of-war near the 4200 level. Bulls tested 4250 but failed to break through, and under bearish pressure, there may be a short-term pullback to the 4150-4180 range. However, looking at the monthly and weekly charts, the upward trend is not yet over.

The core driver of this round is still the Federal Reserve. The market is expecting rate cuts; whenever dovish signals emerge, gold prices rise. But as the FOMC meeting approaches, some funds are taking profits, resulting in a slight pullback at the end of the week. In addition, geopolitical instability and continued gold purchases by central banks (China added 10.3 tons in December) are supporting prices, but higher US real yields are limiting the near-term upside.

The main event next week is the Fed’s December policy decision. If a clear rate-cut signal is released, the 4250 barrier may be broken; but if Powell’s speech is cautious or hints at a hawkish stance, gold may continue to consolidate at higher levels.

In comparison, traditional safe-haven assets like gold have performed steadily amid macro uncertainty, while Bitcoin, though also discussed as a potential safe haven, has a completely different volatility and driving logic. Which one are you more optimistic about?

BTC-0,12%

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BlockchainDecoder

· 2025-12-06 16:29

From a technical perspective, the failure to break through the psychological barrier at 4250 actually reveals a lot of information—it indicates that short-term bullish momentum is indeed waning. Research shows that during Fed rate decision events, gold typically follows a volatility pattern of “trading on expectations—taking profits—renewed anticipation,” and data indicates this time is no exception. It’s worth noting the 10.3 tons of gold added by China in December, which reflects a substantial decline in macro risk appetite, not just a superficial data point. But there’s an interesting viewpoint here—compared to gold’s passive defensive logic, Bitcoin’s safe-haven narrative is actually more complex. It has the characteristics of a risk asset, but also shows a store-of-value trait during certain cycles. This multiplicity of driving factors has actually become its advantage. In summary, the two are not mutually exclusive choices at all.

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FundingMartyr

· 2025-12-06 09:52

Listen, I'm still optimistic about gold, at least it won't get me liquidated in the middle of the night, haha. If Powell really turns dovish, 4250 could be broken in no time. Bitcoin is just too volatile, my heart can't take it. Gold is stable for sure, just not as exciting in terms of gains as BTC. This week's Fed meeting is key, let's wait and see.

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MergeConflict

· 2025-12-06 09:51

This gold move is all about waiting for one word from Powell, really can’t hold it anymore. Bitcoin is still the best, a safe haven? That’s a joke, it’s a gambler’s game. If 4250 can’t be broken, then we’ll go all-in short, simple and straightforward. China is still buying gold, which means those who know everything have already gotten in. As soon as the doves appear, gold soars—this trick is getting old. U.S. Treasury yields are the real boss, no matter how much you try to prop things up, it’s useless. We’ll see the outcome next week, betting on Powell’s attitude is a bit crazy.

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BearHugger

· 2025-12-06 09:43

If Powell can't get any more dovish, I'll laugh. I've bet on both gold and BTC—let's see which one breaks out first.

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