#美联储加息是否已成定局

September 17 Spot Gold Morning Analysis

After the decision was announced in the early hours, the market completed a violent shakeout. Trading requires learning to digest the volatility caused by news, not letting sudden spikes and plunges disrupt your rhythm. Watch the direction clearly and act decisively, while firmly adhering to risk control bottom lines.

The Fed’s rate hike was delivered as expected in the early hours. The key is to look at the policy guidance in the remarks afterward. The market had already digested the rate-hike expectations for most of the prior period. Once the downside news is fully priced in, long positions have a basis to repair.

From the news perspective, this rate hike of 25 basis points was carried out. The market mainly interprets the dot plot and officials’ statements. The speech did not release signals of further, ongoing accelerated hikes. The overall direction for precious metals still leans bullish. Only if hawkish rhetoric continues to build momentum will the gold price extend a deep pullback. In the overnight session, the price action showed sharp consolidation, with intense long-versus-short battles. Fluctuations in the US dollar and US Treasury yields continue to drive gold’s movement. Going forward, continue tracking US economic data for guidance.

After the early-hours decision triggered a large-scale sweep, the morning moves into a phase of consolidation and repair. Near-term resistance lies at 4285‑4310, with further resistance at 4350. Key support is 4240‑4210 on the downside. This is the important defensive zone for the current wave of longs. If price pulls back and then stabilizes, that is an opportunity to position for longs.

The operational approach is primarily buy on pullbacks, with sells on rallies as a secondary tool. Wait for the 4245‑4220 area to stabilize and then look for longs; keep defenses below 4200. For short-term targets, watch 4285‑4315; for the medium term, look toward 4360‑4400. If the market continues to weaken and validly breaks below the 4200 support, then adjust your thinking—do not blindly catch the bottom. The aftereffects of the decision are still present, volatility remains high: control your position size and set stop-losses strictly.

The above is only personal advice, for reference only, and does not constitute investment guidance. Please refer to Cheng Jingsheng Shipan’s specific layout for details! $XAU
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