Gold Market Analysis: As Expected, Prices Dip, Rebound Continues to Be More Bearish 💡

Yesterday, gold prices dipped to around 4550 as expected, fully aligning with the forecast, and the short-selling strategy has been realized. Although the short-term market shows oscillations and fluctuations, there is no smooth one-way decline yet, but the highs continue to move lower, and the overall bearish trend remains unchanged. Future rebounds will still mainly involve shorting on rallies.

Tomorrow early morning, focus on the Federal Reserve interest rate decision and Powell's press conference statements: Considering the current inflation environment, it is highly likely that interest rates will remain unchanged; at the end of his term, Powell is likely to continue his hawkish stance against inflation, with no rate cuts before inflation reaches the target. Under the tight monetary policy background, gold will continue to be under pressure, and the operation remains firm on shorting on rallies.

✅ Trading reference:
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