Gold moves toward $4,193 in Asian trading, supported by an 84% probability of a December Fed rate cut. Weak US employment and slowing consumption leave the Fed with little alternative but accommodation. Post-Thanksgiving thin liquidity amplifies flows and intraday volatility. Geopolitics provide mixed signals: potential Ukraine de-escalation is offset by unresolved tensions and US oil sanctions. Lower oil prices further support gold by easing inflationary pressure and lowering real yields.
Key Levels: Support at 4,076.10 │ Resistance at 4,218.58 / 4,011.97
Investor Takeaway: Bullish structure remains intact; corrective pullbacks could form healthier bases for continuation as year-end positioning accelerates.
