First: Core Driving Analysis

The US Federal Reserve cut interest rates by 25 basis points to the 4.00%-4.25% range on September 18, as expected by the market. This cut lowers the cost of holding gold, making it a more valuable non-interest asset. The Fed expects another 50 basis points cut in 2025 and plans to keep a loose policy path in the coming years, which supports gold in the long term. Fed Chair Powell stated that the policy focus is shifting from inflation to employment, strengthening expectations for loose measures. However, Powell's cautious comments, noting that rate cuts are a risk management decision and do not require quick changes, may limit short-term gains for gold. Overall, mixed factors keep gold's safe-haven demand strong.

Second: Gold Technical Layout Strategy

Gold prices are holding in a wide oscillation range during the Asia session, currently around 3748.50. On the 1-hour chart, the price is consolidating between 3707.00 and 3762.00. Operation suggestions: Enter a long position if it breaks above 3762.00; switch to a short position if it breaks below 3707.00; set a uniform stop-loss and take-profit at 10 USD.

Third: Silver Technical Layout Strategy

Silver is maintaining an oscillation pattern, currently around 45.010. On the 1-hour chart, the two moving averages are in a bullish arrangement, suggesting a higher chance of upside. Operation suggestions: Buy near the support level at 44.600; set stop-loss below 44.170; target near 45.190.

Risk Warning: Trading markets have unpredictable risks, including but not limited to loss of principal. This analysis is for reference only and does not constitute direct investment advice. Investors should make their own decisions based on their personal risk tolerance.