USDX
99.390

0.08%

XAUUSD
4176.66

1.30%

WTI
58.837

0.72%

EURUSD
1.16025

0.05%

GBPUSD
1.31884

0.18%

USDJPY
155.806

0.22%

USNDAQ100
25463.45

0.30%

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Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.

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In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.

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      Appearance of a Pinbar Pattern in the 1D Timeframe Signals the End of the Current Rebound

      Commodity
      Summary:

      Gold prices retreat as U.S. Treasury yields strengthen; market focus shifts to U.S. economic data.

      Sell XAUUSD
      EXP
      Trading

      4216.63

      ENTRY

      4016.00

      TGT

      4259.00

      SL

      4176.67 -54.85 -1.30%

      0

      Point

      Flat

      4016.00

      TGT

      CLOSING

      4216.63

      ENTRY

      4259.00

      SL

      Fundamentals

      Gold prices retreated from over six-month highs on Tuesday, dipping below US$4,200 per ounce. The decline was partly driven by rising U.S. Treasury yields and profit-taking, while investors awaited U.S. economic data to gauge the Federal Reserve's policy path. The benchmark 10-year Treasury yield remained near two-week highs, diminishing the appeal of non-interest-bearing assets like gold.
      Despite gold's weak performance today, the fundamentals remain unchanged—including expectations of a Fed rate cut, which should support gold prices from a yield perspective. Market sentiment remains cautious, with expectations that the Fed's preferred inflation gauge, the core PCE price index, will remain subdued when released on Friday. Additionally, key U.S. data this week includes Wednesday's November ADP employment report.
      Appearance of a Pinbar Pattern in the 1D Timeframe Signals the End of the Current Rebound_1

      Technical Analysis

      Gold prices saw further pullbacks on Tuesday but remain in a consolidation phase. The rebound from US$3,886 is forming the second stage of a corrective pattern since the high at US$4,381. While another near-term rally is possible, strong resistance is expected near the 100% retracement level within the US$3,886 to US$4,344 range (from US$3,997 to US$4,344), close to the prior high. Gold prices are anticipated to undergo another pullback before the long-term uptrend is reestablished, completing the consolidation phase.
      Additionally, as momentum begins to wane and a Pinbar pattern emerges in the 1D timeframe, this signals that the current rebound has concluded. It is recommended to go short at the highs.

      Trading Recommendations

      Trading Direction: Sell
      Entry Price: 4225, 4235
      Target Price: 4016
      Stop Loss: 4259
      Valid Until: December 20, 2025 23:55:00
      Support: 4180, 4165, 4154
      Resistance: 4215, 4226, 4239
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.

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      Eva Chen

      Analysts

      Master of Economics, 8 years in the financial industry, CFA holder, joined HSBC (Hong Kong) Bank in 2013 after graduating from the University of California, USA in the Investment Research and Markets Department. With years of financial market experience and trading experience, having provided excellent investment advice to many brokerages, entity derivatives importers and clients in Greater China.

      Rank

      5

      Articless

      2100

      Win Rate

      58.16%

      P/L Ratio

      0.63

      Focus on

      WTI, XAUUSD, GBPJPY

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