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10.29 Qiqi Lun Jin Morning Analysis: Major Data Takes Center Stage, Gold Prices Enter a Direction-Choosing Window!

The lingering effects of last night's hawkish Fed decision remain, and tonight's main event is the Fed's key inflation gauge—the U.S. September core PCE. The data will directly influence market expectations for the pace of rate cuts, and volatility is likely to increase further.

On the 5-minute chart, the moving averages have shifted from a bullish alignment to turning down and acting as resistance. The MACD red bars are contracting rapidly, and the two lines show signs of a bearish crossover. The early-morning spike failed to hold its gains, making this a pullback after running into resistance. Short-term bullish momentum is fading, while the broader trend remains in a wide range, with no clear one-way move yet.

Trading strategy: The resistance zone is 4068–4082. Consider scaling into short positions if prices rebound into this zone, targeting 4038 and 4020. Place protection above 4082; support below is at 4024.
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FlashNinja
22 minutes ago
The Fed's hawkish afterglow is still lingering, and gold bulls look a little shaky. Wait for the data to come out before making a move
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YubikeyYapper
an hour ago
PCE decides the fate tonight; try placing a short order above 4068 to test the waters
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MemeHistorian
an hour ago
MACD death cross + moving averages turning down; this pullback may be unavoidable. See you at 4020
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VinylRadio
2 hours ago
First Review
Trade the range amid wide swings, set 4082 as the defense level, and consider chasing only if it breaks below 4024
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