#数字货币市场回升 The gold market has been very active recently. The Huaxia Gold ETF (518850) rose by 1.68% today, while the gold stock ETF (159562) was even stronger, directly pumping to 1.86%. The non-ferrous metal ETF (516650) also rose by 2.04%, and the entire zone is moving.

The gold price is currently fluctuating around $4140, having just broken through $4152. Although it has pulled back about 6% from last month's historical high of $4360, the trend appears to be relatively stable. The key point is that this pullback is gentle, with no signs of panic selling—large funds are clearly still in the market.

Goldman Sachs recently released a forecast stating that the Federal Reserve is highly likely to continue cutting interest rates in December, marking the third consecutive time. The reasoning provided is that inflation is cooling down, and the labor market is not as tight, giving monetary policy room to shift towards easing. Even more dramatically, Goldman Sachs predicts that by 2026, the federal funds rate could drop to the range of 3.00%-3.25%. If this prediction comes true, it would mean that the easing cycle is truly about to begin.

From a technical perspective, $4150 is a key resistance level. Gold is testing this position, but has not yet clearly broken through. Investment demand has been supporting gold prices, and the combination of interest rate cut expectations and slowing inflation has historically been favorable for gold. The current question is whether the pullback will provide a better entry opportunity?

If you are a conservative player, you might consider gradually allocating to the gold ETF (518850); if you want greater flexibility, the gold stock ETF (159562) has more noticeable volatility; for those playing sector rotation, you can pay attention to the linkage effect of the non-ferrous metal ETF (516650).

Investing is all about timing. Before the Federal Reserve truly starts cutting interest rates, this wave of gold market may not be over yet. $BTC $ETH $BNB