#比特币对比代币化黄金 Spot gold has been interesting these past couple of days. Last week it surged to 4260 but didn’t push higher, closing at 4196, and the weekly chart formed a spinning top, indicating the market is still repeatedly testing the 4162 to 4265 range. In the short term, keep a close eye on the 4175 level—if it breaks below 4160, the strategy of buying on dips should be abandoned.

Why is it stuck here? Because of the Fed. The probability of a 25-basis-point rate cut in December has soared to 87%, but there are still internal disagreements among officials—this makes the market hesitant to be too aggressive, and before the decision is announced, it will likely continue to fluctuate within a narrow range. The rate path for 2026 is another focus for the market; once the dot plot is released, risk assets and gold will get a new direction for their tug-of-war.

Currently, the 1-hour chart still shows a choppy pattern, with support in the 4170 to 4190 range and resistance at 4235 to 4255. If it drops back to above 4180 in the evening, consider buying on dips. $BTC $ETH $BNB are also waiting for signals at their respective levels.