9.19 Gold Short-term Operation Strategy
The Fed's interest rate decision will be announced in two hours. Will gold hit a new high or a correction?
On the 1-hour chart, you can see that there is a minor resistance level near the 2575 level, and there is also a downward trend line converging. If the price pulls back to this resistance level, sellers may intervene, aiming to fall to the 2548 support level. On the other hand, buyers want to see prices break higher to increase bullish bets and pursue new highs
, if the Fed eventually chooses to cut interest rates by 25 basis points, the market may react quickly, causing the US dollar to rebound. But if the Fed is as dovish as the market expects, cuts interest rates by 50 basis points, and sends signals of more interest rate cuts in the future, the US dollar will weaken further, pushing gold prices higher again, even breaking through the $2,600/ounce mark. Although the market expects the Fed to cut interest rates, there is still uncertainty about the magnitude and subsequent policy guidance. If the rate cut is only 25 basis points, it may suppress the short-term demand for gold, and investors will turn to wait and see. If the Fed's policy tends to be cautious, the safe-haven demand for gold may weaken, leading to a short-term sell-off in the market. If the Fed eventually cuts interest rates significantly and signals further easing in the future, gold will benefit from the continued weakening of the dollar and break through historical highs. At the same time, global economic uncertainty and geopolitical risks will continue to provide long-term safe-haven demand support for gold.
On the 1-hour chart, you can see that there is a minor resistance level near the 2575 level, and there is also a downward trend line converging. If the price pulls back to this resistance level, sellers may intervene, aiming to fall to the 2548 support level. On the other hand, buyers want to see prices break higher to increase bullish bets and pursue new highs
, if the Fed eventually chooses to cut interest rates by 25 basis points, the market may react quickly, causing the US dollar to rebound. But if the Fed is as dovish as the market expects, cuts interest rates by 50 basis points, and sends signals of more interest rate cuts in the future, the US dollar will weaken further, pushing gold prices higher again, even breaking through the $2,600/ounce mark. Although the market expects the Fed to cut interest rates, there is still uncertainty about the magnitude and subsequent policy guidance. If the rate cut is only 25 basis points, it may suppress the short-term demand for gold, and investors will turn to wait and see. If the Fed's policy tends to be cautious, the safe-haven demand for gold may weaken, leading to a short-term sell-off in the market. If the Fed eventually cuts interest rates significantly and signals further easing in the future, gold will benefit from the continued weakening of the dollar and break through historical highs. At the same time, global economic uncertainty and geopolitical risks will continue to provide long-term safe-haven demand support for gold.
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