Enzen: Dive Carves Out Key Support, Gold Doji Thinking

The original plan was for range-bound fluctuations before the Fed decision, waiting for Powell's speech guidance, but the European session saw a sharp dive, indicating policy news leaked early and the market has already priced in hawkish expectations. After tonight's speech, there's a high probability that bad news is exhausted and selling the facts will lead to a bounce from the bottom. If dovish, it could rally quickly.

Below, watch the 618 Fibonacci level at 4791, prepare for a break of 4800. The overall uptrend remains unchanged, currently in a secondary wave correction, which will be followed by wave 3 uptrend.

Gold is currently maintaining consolidation. Above, focus on 4965-4970 resistance, below watch 4785-4790 support. Operations focus on selling on rebound weakness, with specific real-time strategies updated during market hours.

Gold Operation Strategy:
Long on pullback to 4785-4790 zone, stop loss at 4756, target 4958-4970, can hold if breakout occurs;

Short on rebound resistance at 4965-4970, stop loss at 5006, target 4800-4810.

Disclaimer:

The above analysis is Enzen's personal analysis for reference only and does not constitute any investment advice! $XAU $XAUT ‌ ‌