Market Review
Spot gold is currently trading around $3,660.00 per ounce, with the market trading cautiously ahead of the Federal Reserve’s (Fed) policy meeting. Investors are waiting for the Fed’s monetary policy decision to provide clear directional guidance.
Driver Analysis
Market focus this week is fully concentrated on the Fed’s September FOMC (Federal Open Market Committee) meeting:
- Meeting Dates: September 16-17
- Market Expectations: 96% probability of a 25-basis-point rate cut
- Potential Surprise: ~5% probability of a 50-basis-point rate cut
Technical Analysis
The 4-hour chart shows key technical levels:
- Key Support: $3,645.00 per ounce
- Upside Target: $3,670.00 per ounce
- If support is broken, it may test $3,620.00 lower.
The RSI indicator is in neutral territory, awaiting a directional breakout.
Trading Strategy Reference
Spot Gold
- Long Opportunity: Go long when prices pull back to and stabilize at $3,645.00, target $3,670.00.
Spot Silver
- Long Opportunity: Go long when prices fall to and stabilize at 42.100, target 42.400.
Risk Warning
The trading market carries unpredictable risks, including but not limited to principal loss. This analysis is for reference only and does not constitute direct investment advice. Investors should make independent judgments and decisions based on their own risk tolerance.