$XAU 148The logic behind profits, all because we understood Wosh's “hawk’s claw.”

Basis for shorting: The direct reason was that Fed Chair Wosh delivered a more “hawkish” speech at the Jackson Hole global central bank annual meeting, significantly boosting market expectations for future Fed rate hikes.

Gold formed a death-cross resonance around 4615, so we decisively followed with a short position. Market sentiment became extreme ahead of the interest rate decision, and around 4466 was exactly the strong Fibonacci 0.618 support level, so we chose to exit the trade, locking in a 148-point profit.

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