Morning analysis of spot gold on September 16, #美联储加息是否已成定局 9
Cheng Jingsheng
Trading is, at its core, a process of refining one’s mindset. Market movements rise and fall; there is no need to let short-term fluctuations disrupt your rhythm. Before major行情 arrives, the market often enters a cautious tug-of-war phase, and patiently waiting for signals is far more important than blindly entering positions. At present, the market’s focus is entirely on the Federal Reserve’s interest rate decision. Before the decision is released, gold prices are generally under pressure, and volatility will increase significantly. Risk control must come first.
The market is pricing in a high probability that the Fed will raise rates by 25 basis points in September. U.S. Treasury yields continue to climb, the dollar remains strong, and gold, as a non-yielding asset, is under clear pressure. Yesterday, gold broke below the 4300 level, with the low touching around 4260. The market is mainly awaiting the interest rate decision from this meeting and the post-meeting statement. A hawkish stance would further weigh on gold prices, while a dovish signal could trigger a rebound after bearish news is fully priced in. Geopolitical tensions still provide a safe-haven floor, but in the short term, macro rate expectations remain dominant, with safe-haven support temporarily taking a back seat.
On the daily chart, gold is under pressure and pulling back. After breaking below key support, the short-term trend has weakened. Price is trading below the moving averages, and bearish momentum has been released to some extent. In the morning session, it is maintaining a low-level consolidation. The first resistance above is in the 4300-4315 area, with further resistance at 4340. The key support below is 4280; if this level is lost, downside space may open toward around 4250. If support holds, there may be an opportunity for a short-term corrective rebound.
Intraday trading idea: mainly sell on rebounds, with buy-on-dips as a supplement. A rebound to the 4305-4315 area can be used to set up short positions, with risk protection above 4335 and targets at 4285-4260, then lower if broken. If price pulls back to 4275-4260 and stabilizes, small long positions can be tried, with protection below 4250 and targets toward 4300-4310. Intraday price action will be heavily influenced by news, so positions should be kept light, and attention should focus on Federal Reserve-related developments in the evening.
The above content is only a sharing of market views and does not constitute any investment advice. Trading involves risk; proceed with caution. $XAU
#XAUUSD
Cheng Jingsheng
Trading is, at its core, a process of refining one’s mindset. Market movements rise and fall; there is no need to let short-term fluctuations disrupt your rhythm. Before major行情 arrives, the market often enters a cautious tug-of-war phase, and patiently waiting for signals is far more important than blindly entering positions. At present, the market’s focus is entirely on the Federal Reserve’s interest rate decision. Before the decision is released, gold prices are generally under pressure, and volatility will increase significantly. Risk control must come first.
The market is pricing in a high probability that the Fed will raise rates by 25 basis points in September. U.S. Treasury yields continue to climb, the dollar remains strong, and gold, as a non-yielding asset, is under clear pressure. Yesterday, gold broke below the 4300 level, with the low touching around 4260. The market is mainly awaiting the interest rate decision from this meeting and the post-meeting statement. A hawkish stance would further weigh on gold prices, while a dovish signal could trigger a rebound after bearish news is fully priced in. Geopolitical tensions still provide a safe-haven floor, but in the short term, macro rate expectations remain dominant, with safe-haven support temporarily taking a back seat.
On the daily chart, gold is under pressure and pulling back. After breaking below key support, the short-term trend has weakened. Price is trading below the moving averages, and bearish momentum has been released to some extent. In the morning session, it is maintaining a low-level consolidation. The first resistance above is in the 4300-4315 area, with further resistance at 4340. The key support below is 4280; if this level is lost, downside space may open toward around 4250. If support holds, there may be an opportunity for a short-term corrective rebound.
Intraday trading idea: mainly sell on rebounds, with buy-on-dips as a supplement. A rebound to the 4305-4315 area can be used to set up short positions, with risk protection above 4335 and targets at 4285-4260, then lower if broken. If price pulls back to 4275-4260 and stabilizes, small long positions can be tried, with protection below 4250 and targets toward 4300-4310. Intraday price action will be heavily influenced by news, so positions should be kept light, and attention should focus on Federal Reserve-related developments in the evening.
The above content is only a sharing of market views and does not constitute any investment advice. Trading involves risk; proceed with caution. $XAU
#XAUUSD
