Gold and Crude Oil Market Analysis: Latest Trends and Trading Strategies

Deep News12-05 16:40

**Gold Market Analysis:** On December 5, spot gold traded around $4,225.50 per ounce during early European hours, maintaining stability amid a tug-of-war between bullish and bearish factors. Investors await U.S. inflation data to gauge the Federal Reserve's policy outlook next week. Despite pressure from rising U.S. Treasury yields and a stronger dollar, gold remains resilient due to strong long-term buying interest and market expectations for Fed policy shifts. The upcoming release of the U.S. September PCE price index—a key inflation metric for the Fed—could trigger significant volatility in gold prices.

**Technical Outlook for Gold:** Gold dipped to $4,175 before rebounding to $4,220, then retreated to $4,200, closing with a doji candle. The repeated doji formations indicate a stalemate between bulls and bears, with a breakout likely pending the PCE data. Key support lies at $4,180–$4,175, while resistance is at $4,220–$4,250. Intraday trading suggests consolidation within this range, with a cautious approach recommended ahead of the data release. Short-term strategy favors buying dips near support, with resistance at $4,250–$4,270 and support at $4,180–$4,200.

**Crude Oil Market Analysis:** Oil prices extended gains in Asian trading, supported by improving macro expectations and supply uncertainties. WTI rose 1.2% to $59.67/barrel, buoyed by Fed rate-cut bets and geopolitical supply risks. A potential Fed easing cycle could lower borrowing costs, boosting energy demand. The market structure combines favorable macro sentiment, tight supply, and technical strength.

**Technical Outlook for Crude Oil:** On the daily chart, oil shows minor consolidation with alternating bullish/bearish candles testing the $56 support. A break below $56 could signal a downtrend. The 1H chart indicates upward momentum within a range, with resistance at $61.0–$62.0 and support at $58.0–$57.0. Intraday strategy leans toward buying pullbacks, targeting a limited upside breakout.

*Disclaimer: Market analysis is for reference only and does not constitute investment advice.*

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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