Beijing time 9/17 at 2:00 a.m., the U.S. Federal Reserve meeting
The market has already largely priced in a rate hike once as a likely event
Most of the bad news has been digested in advance; once the bad news is exhausted, it turns into good news
What matters now is whether the Fed is leaning hawkish or dovish
Whether the dot plot is raised or lowered, to determine that
How likely is another rate hike within the year
Will the press conference be a one-and-done tightening, or a continued tightening
Gold $Xau— the major weekly trend still remains bullish
Global central banks continue to buy gold and ETF inflows keep coming
Right now is only the first pullback after the rise
The daily chart is in a downward channel, with hourly highs continuously moving lower
The first major resistance overhead is at 4320–4360
If price can’t break above here on the rebound, it will be hard for the bulls to do much
Key support below is 4240; once it breaks down effectively
the downside room will open up again
It’s not advisable to jump in and bottom-fish at the current price; if you really want to go long
place limit orders at 4240–4203 and then execute
Volatility around the FOMC will be amplified, and on the short term it’s easy to see price spikes up and down like needles
#美联储加息是否已成定局 #美参议院否决CLARITY法案 $XAU
The market has already largely priced in a rate hike once as a likely event
Most of the bad news has been digested in advance; once the bad news is exhausted, it turns into good news
What matters now is whether the Fed is leaning hawkish or dovish
Whether the dot plot is raised or lowered, to determine that
How likely is another rate hike within the year
Will the press conference be a one-and-done tightening, or a continued tightening
Gold $Xau— the major weekly trend still remains bullish
Global central banks continue to buy gold and ETF inflows keep coming
Right now is only the first pullback after the rise
The daily chart is in a downward channel, with hourly highs continuously moving lower
The first major resistance overhead is at 4320–4360
If price can’t break above here on the rebound, it will be hard for the bulls to do much
Key support below is 4240; once it breaks down effectively
the downside room will open up again
It’s not advisable to jump in and bottom-fish at the current price; if you really want to go long
place limit orders at 4240–4203 and then execute
Volatility around the FOMC will be amplified, and on the short term it’s easy to see price spikes up and down like needles
#美联储加息是否已成定局 #美参议院否决CLARITY法案 $XAU
