September 17 Gold Morning Review
In the early hours today, the U.S. Federal Reserve’s FOMC unanimously passed a 12:0 decision to raise the federal funds rate by 25 basis points to 3.75%–4.00%, matching the market’s general expectations. Although the rate hike magnitude was in line with expectations, the Fed Chair later delivered a more hawkish signal at the press conference, emphasizing that inflation remains sticky, and stating that the Fed will continue to maintain restrictive monetary policy to ensure inflation returns to the 2% target. This statement reinforced market expectations for the subsequent rate-hike path. The U.S. dollar index surged in the short term, directly weighing on gold prices.
Technically, driven by the negative impact from the news, gold plunged significantly overnight. On the daily chart, it printed a bearish candle with a long upper wick, further confirming the continuation of the downtrend. On the four-hour chart, the moving-average system is dispersing downward. The MACD indicator is below the zero axis and has formed a dead cross with downward divergence, indicating that bearish momentum continues to strengthen. After gold broke below a key support level on the hourly chart, its rebound lacked follow-through and it is currently trading below all short-term moving averages, making the weak structure evident.
For today’s trading, the primary strategy is to look for selling on rallies and to follow the downtrend with short positions. If gold rebounds to the 4280–4290 area and faces resistance, consider placing short orders with a light position size. Set the stop-loss above $4305, with targets looking toward the 4250–4230 area.
The above analysis is for reference only and does not constitute any investment advice. Financial markets are highly volatile; investing involves risk, and you should exercise caution when entering the market. #黄金 #伦敦金 $XAUT
In the early hours today, the U.S. Federal Reserve’s FOMC unanimously passed a 12:0 decision to raise the federal funds rate by 25 basis points to 3.75%–4.00%, matching the market’s general expectations. Although the rate hike magnitude was in line with expectations, the Fed Chair later delivered a more hawkish signal at the press conference, emphasizing that inflation remains sticky, and stating that the Fed will continue to maintain restrictive monetary policy to ensure inflation returns to the 2% target. This statement reinforced market expectations for the subsequent rate-hike path. The U.S. dollar index surged in the short term, directly weighing on gold prices.
Technically, driven by the negative impact from the news, gold plunged significantly overnight. On the daily chart, it printed a bearish candle with a long upper wick, further confirming the continuation of the downtrend. On the four-hour chart, the moving-average system is dispersing downward. The MACD indicator is below the zero axis and has formed a dead cross with downward divergence, indicating that bearish momentum continues to strengthen. After gold broke below a key support level on the hourly chart, its rebound lacked follow-through and it is currently trading below all short-term moving averages, making the weak structure evident.
For today’s trading, the primary strategy is to look for selling on rallies and to follow the downtrend with short positions. If gold rebounds to the 4280–4290 area and faces resistance, consider placing short orders with a light position size. Set the stop-loss above $4305, with targets looking toward the 4250–4230 area.
The above analysis is for reference only and does not constitute any investment advice. Financial markets are highly volatile; investing involves risk, and you should exercise caution when entering the market. #黄金 #伦敦金 $XAUT
