#美联储降息 Gold Technical Analysis

On the daily chart, gold found support around 4350 yesterday, with the medium-term moving average system still exerting influence to provide a floor. There are no signs of a major trend reversal. A correction candlestick was formed at the close, indicating that the short-term upward momentum is beginning to slow down. Currently, it is in a phase of high-level consolidation and oscillation. This level is pinned at a key moving average; as long as the previous channel's upper boundary can be maintained, there is a chance to continue oscillating upward, smoothing out recent fluctuations. This wave of volatility is mainly due to adjustments in trading mechanisms, not a problem with the medium-term logic. As long as macro cycles, market allocation needs, and external environment factors continue to support, the medium-term trend of gold can still be maintained. The short-term consolidation can even strengthen the foundation for future movements.

On the hourly chart, after yesterday's fluctuations, the technical consolidation may be nearing its end. Currently, focus should be on the 4340 and 4275 levels. Last night's low was between these two levels, suggesting the consolidation should be close to completion. Once confirmed, there is still room for further upward movement. During the Asian and European trading sessions, the market has been repeatedly adjusting, so tonight should watch whether an upward push will be initiated again.

Short-term support can be seen around 4362-65. On the upside, pay attention to technical levels at 4397-4404, 4420-4430, and 4455-4460. However, markets rarely move in a straight line; there will inevitably be fluctuations, so these technical levels should be observed flexibly in conjunction with real-time price action.