Gold, waiting for the interest rate decision, building momentum to continue rising

As market sentiment digests this round, the gold uptrend has already finished its first leg; both have reached the target levels mentioned in the past two days, with the target 4350 achieved.

Regarding the geopolitical situation, he said that a memorandum of understanding has been signed—ending the relevant hostilities, reopening the strait. The signing will be held on Friday, and negotiations will be opened for 60 days. Before this entire plan is fully implemented, it will provide upward support for gold and silver.

Keep the previous line of thinking: this time, the Federal Reserve is unlikely to raise interest rates immediately, and Waller’s remarks will not include overly hawkish signals. The market’s earlier speculation about rate hikes will cool down directly.

Once the interest rate decision lands and it’s confirmed that there will be no rate hike, market capital will once again gain momentum, pushing gold and silver to continue rising.

Long near 4303, target 4400$XAU