#WCTCS9 #每周来晒 Gold posted a recovery move this week, falling first and then rising. At the start of the week, it was hit by bearish CPI data, with prices plunging to a swing low of 4073, a recent low. Oversold buyers then entered the market in succession to provide support, driving gold to rebound in choppy trading. It is currently trading around 4163, with overall sideways consolidation in a low range.

After CPI came in above expectations, market expectations for a Fed rate cut in October cooled sharply, with bets even beginning to shift toward a further delay in the timing of rate cuts. After a short-term pullback, the US Dollar Index and Treasury yields are likely to strengthen again next week, continuing to weigh on gold on a fundamental level.
On the 4-hour chart, the medium- to long-term bearish trend structure remains intact. The 150-period and 200-period moving averages continue to trend downward, firmly capping upside potential. The broader bearish-dominated trend remains unchanged.
Place short orders on a rebound in the 4200-4200 range, with targets at 4130 and 4090
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