4.29 Gold Morning Bullish Outlook

In the morning, gold tested the bottom and stabilized, with a clear buildup of energy at lower levels. The bullish structure remains intact, and the medium-term uptrend has not been broken. Yesterday’s sharp drop was a shakeout at high levels, not a trend reversal. Currently, it is in a phase of ranging consolidation and bottom-building, with a rebound and renewed strength taking shape. Buying long at low levels offers an extremely high cost-effectiveness.

- The market has already fully priced in expectations that the Fed will keep interest rates high. Rate-cut expectations have been pushed back but not eliminated. The upside room for the dollar and U.S. Treasury yields is limited, and rebound momentum is likely to weaken afterward.
- Tonight’s FOMC decision and Powell’s speech are likely to be neutral to slightly dovish, sending a “cautious wait-and-see” signal. This will weigh on the dollar’s strength and support gold’s rebound.
- Global central banks continue to purchase gold at large scale. This provides support for gold prices in the medium to long term, limits the room for a deep selloff, and keeps the foundation of the bull market solid.

## Trading Recommendations

**Entry:** Buy in batches at 4570-4580
**Stop-loss:** Below 4530

**Targets:**
4650 → 4680 → 4700#WCTC交易王PK #加密市场小幅下跌 #Strategy吸筹速度超挖矿两倍 #GateCard一拍即付 #以太坊基金会解质押约4890万美元ETH