Gold analysis today: 2640-2645 will show a new direction

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Gold analysis today: 2640-2645 will show a new direction
As shown in the figure:
Four-hour cycle: 2620-2660 is the current oscillation range
Oscillating center: 2640
The current trend of gold is converging and oscillating around 2640. We still focus on the trend performance near 2640.
Strategy:
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Bull ideas:
Bottom support: 2630-2635
Break pressure: 2640-2645
Upward target: 2650-2660-2670
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Bear ideas:
Top pressure: 2640-2645
Break support: 2630-2635
Downward target: 2620-2600-2580

Monday market interpretation: fast fall, slow rise, start to fall from the Asian session
Tuesday market interpretation: slow fall, fast rise, start to rebound from the Asian session
Today's market summary:
Low-to-long ideas, reasonable position control, set a good stop loss

Policy (positive):
New York Fed President Williams, who is known as the "third in command of the Federal Reserve" and enjoys permanent voting rights on the FOMC, said that now that inflation and employment risks are more balanced, officials may need to further lower interest rates to shift policies to a neutral stance.
But Williams did not say whether he would support a rate cut when policymakers meet later this month, saying decisions would be made at each meeting.

"I expect that it will be appropriate to continue to move toward a more neutral policy environment over time," Williams said Monday in prepared remarks for a Queens Chamber of Commerce event in New York. "The path of policy will be data-driven. If we have learned anything over the past five years, it is that the outlook remains highly uncertain."

The neutral rate is the rate that neither stimulates nor hampers economic growth.

Williams said the economy is in good shape and the labor market is solid. Labor demand has cooled and labor supply has increased, and Williams said the labor market is unlikely to add to inflationary pressures in the future.

Williams said that while inflation remains above the Fed's 2% target, there is reason to believe that inflation will reach the target, noting that inflation for goods and services other than food, energy and housing has slowed.

Fed officials began cutting rates in September after raising them to a peak of 5.25% to 5.5%, which helped cool inflationary pressures from a peak of 7.2% in mid-2022.
But recent data showed stubbornly high inflation in the services sector, and investors in December futures contracts are betting that the rate-cutting cycle could pause. The personal consumption expenditures price index excluding food and energy rose 2.8% in the 12 months through October.
On the geopolitical front (bullish):
At least nine people were killed and three others wounded in an Israeli attack on two southern Lebanese towns, Talousa and Haris, on Monday. The Israeli military said it struck dozens of Hezbollah targets across Lebanon. Earlier on Monday, Lebanese authorities reported two more deaths in Israeli strikes elsewhere in southern Lebanon, including a state security agent who was killed in the line of duty, bringing the day's death toll to 11.

Shortly before Israel launched its latest attack, Hezbollah accused Israel of violating a ceasefire by firing missiles at an Israeli military position in the disputed Shebaa Farms area. Hezbollah said it was a "defensive warning strike."
Residents of Beirut also told Reuters they heard drones flying low overhead late at night.
The exchange of fire makes the U.S.-brokered ceasefire between the two sides increasingly fragile less than a week after it came into effect.
U.S. officials worry that the Lebanon ceasefire could fall apart. The White House is concerned that Lebanon's fragile ceasefire could fall apart after Israel and Hezbollah exchanged fire in recent days.

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The first target has been reached, you can choose to close the order and take profits
Of course, we continue to look at 2660, the low-long idea remains unchanged