6.16 Clear Wind Morning Gold Analysis

Gold awaits the Federal Reserve's interest rate decision, gearing up for a new round of upward movement

Geopolitical tensions ease, with relevant parties reaching a memorandum of understanding, scheduled to sign a ceasefire agreement on Friday and restore passage through the strait, while initiating a 60-day negotiation cycle. This news has not yet fully materialized, continuing to provide safe-haven support for gold and silver.

On the fundamental level, the market generally expects the Federal Reserve to keep current interest rates unchanged this time, and officials' statements are unlikely to signal aggressive hawkish signals, with the previously heated rate hike expectations gradually cooling down.
Once the interest rate decision is announced, confirming a pause in rate hikes, capital will flood into the market, pushing gold and silver prices higher.

Trading idea: When gold falls back to the 4280-4300 range, consider buying; the upper target is 4350-4400.