Tonight, the Fed’s rate decision is the main event, and the market is mainly focused on Waller’s remarks, which tend to signal a hawkish stance—so the room for gold to rebound is limited. The downside space that had been previously forecast is gradually playing out, confirming that the momentum of the long positions at higher levels is fading. We had repeatedly warned that pushing higher does not have the ability to sustain a continued uptrend; any rebound is only to lure in buyers, and the high zone is absolutely not the starting point of a new uptrend. The swing-trading short view remains unchanged.

The rebound peaks keep stepping lower, with resistance overhead firmly in place. The weak corrective recovery has ended; the shorts’ follow-through is strengthening continuously, and the downward channel has been fully opened.

Keep holding the swing-trading bottom positions—don’t leave the market too easily. From a long-term perspective, the break through the 4000 level remains the key view, and the ultimate target of 3700 stays the same! $BTC #GateCard消费返现最高8%