**Spot Gold:** On December 10, market focus remains on the Federal Open Market Committee (FOMC) rate decision and economic projections, scheduled for release at 03:00 Beijing time, followed by Fed Chair Powell's monetary policy press conference at 03:30. With markets nearly certain of a rate cut this week, attention has shifted to signals for next year's policy trajectory. Kevin Hassett, a leading candidate for the next Fed chair and director of the White House National Economic Council, reiterated that the Fed has "ample room" for further cuts, though rising inflation could alter the outlook. Geopolitically, Ukraine's president confirmed ongoing negotiations with the U.S. and EU on three key agreements. Consensus for a December rate cut is firm, with markets now eyeing future easing paths and potential Fed liquidity tools.

**Technical Analysis:** Gold's daily chart shows alternating small bearish and bullish candles, yet the price floor remains steady, with moving averages in bullish alignment, sustaining the medium-term uptrend. The 4-hour chart reveals a clear consolidation pattern, maintaining upward momentum, with high odds of a near-term rally. Tuesday’s rebound from intraday lows, marked by long lower wicks, confirms strong support at the range bottom. Traders may consider long positions on pullbacks, targeting key support near the daily 5-10 MA at $4,200, with $4,190 as critical structural support. A break below $4,190 warrants caution. Resistance is eyed at $4,241–$4,260, while support holds at $4,190–$4,170. Strategy: **Prefer longs, limit shorts.** Pivot: **$4,200/oz.**

**Trading Strategies (Gold):** - **Short:** Aggressive entry at $4,242–$4,235; conservative at $4,250–$4,257. Stop-loss: $12. Target: $20–$40. - **Long:** Aggressive entry at $4,200–$4,193; conservative at $4,182–$4,175. Stop-loss: $12. Target: $20–$40.

**WTI Crude Oil:** **Fundamentals:** WTI traded near $58.40 in Asian hours, pressured by a strong USD and supply resumption. Robust U.S. job data (JOLTS reported 7.658M and 7.67M vacancies for September/October, beating forecasts) bolstered the dollar, weighing on dollar-denominated commodities. Iraq’s resumption of output from Lukoil’s West Qurna field added supply pressure. Traders await the EIA inventory report for direction.

**Technical Analysis:** Oil’s weak rebound met renewed selling near short-term MAs, with MACD histogram contraction signaling fading bearish momentum—though still below zero, indicating no full trend reversal. The focus is on the Fed decision and EIA data for breakout cues. Daily charts show two large bearish candles, suggesting strong downside. The 1-hour chart hints at a potential bottom near support, with key resistance at $58.8–$59.5 and support at $57.1/$56.0. Strategy: **Prefer shorts, limit longs.** Pivot: **$58.8/bbl.**

**Trading Strategies (Oil):** - **Short:** Aggressive entry at $58.8±2; conservative at $59.5±2. Stop-loss: $0.6. Target: $57.2. - **Long:** Aggressive entry at $57.1±2; conservative at $56.0±2. Stop-loss: $0.6. Target: $59.0.

*Disclaimer: Content is for reference only and not investment advice.*