#以太坊行情解读 Why does gold still have a chance after the Bank of Japan's rate hike?

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Market fluctuations are always normal. Those who can truly make money are often those who can stay put. Every pullback is a preparation for the next wave of the market, and every persistence is accumulating winning chips.

This week, gold has experienced four days of sharp rises and falls—last night was particularly volatile, with a surge to 4375 at one point, finally closing at 4330, and testing the support at 4307. The overall trend is a repeated testing of the market, with no clear direction visible.

Today, the Bank of Japan's monetary policy meeting confirmed a 25 basis point rate hike. The market had already digested this reassurance, so there was no surprise. Recalling the last rate hike in August last year, which caused an 8% plunge, this time is clearly much more moderate—it's not that rate hikes are gentle, but that large funds had already fully priced in the expectations, avoiding panic selling.

In the short term, gold indeed needs some adjustment, mainly due to the release of emotional factors. But this doesn't mean the bullish logic is broken— the overall upward oscillation framework remains. The key issue is the critical resistance zone at 4350-4380. Several attempts this week have failed to break through, indicating significant selling pressure here. Breaking this level in the short term will be quite challenging.

The technical outlook is simple:

Look for support around 4310-4300. If it holds steady, consider moving within the 4325-4337 range. Further, the focus is on whether it can truly break through 4350.

(For technical reference only, please invest cautiously.)