August 14 Xiao O Gold Morning Review: Positive news priced in, correction underway; watch for opportunities to go long on a pullback to lower levels! Yesterday, the PPI and initial jobless claims data were released. Theoretically, the results were favorable for gold, but the market did not use the positive stimulus to continue pushing higher. Instead, it saw a “buy the rumor, sell the news” move, with many high-level longs taking advantage of the data release to close their positions and exit, putting pressure on gold prices. Expectations for the Federal Reserve to tighten policy continue to cool, but further policy signals are still needed for confirmation. Market participants remain highly cautious, making it difficult for gold prices to directly resume a one-way rise in the short term. Overall, prices are in a pullback and consolidation phase after the surge. After gold prices previously tested the high of 4449.84, selling pressure followed, sending prices lower all the way to an intraday low of 4322.31, with the current price at 4324.27. This decline is a high-level retracement after the sharp rise in the previous period, and the broader medium- to long-term bullish structure has not been completely damaged. Operationally, wait for prices to pull back to the 4290‑4310 range and stabilize before entering long positions, with upside targets at 4360 and 4380. #黄金 #Gate用户规模突破5900万 $BTC $SOL

It’s Friday again—good morning, everyone~ Looking at the broader market’s weekly trend this week, it’s basically similar to that of the past few weeks, with the market still moving sideways within a narrow range. In particular, the current US-Iran situation remains deadlocked, while no other major news capable of breaking the balance has emerged in the market for now. Personally, I think this relatively quiet state will most likely continue in the short term. In a market like this, there’s really no need to keep guessing the direction. It’s more important to patiently wait for a genuine signal of a market shift. In terms of futures trading, it’s fine to continue focusing mainly on short-term intraday fluctuations. Those with the means can also consider running a short-term bot to conduct some arbitrage within the range. Judging from the market rhythm during this period, I personally think that unless there is unexpected news today, the broader market will most likely remain range-bound. In addition, liquidity and news flow are usually relatively weak over the weekend, so there is no need to expect especially large moves on Saturday and Sunday for now. The focus will be more on whether the market can truly establish a direction next week. As mentioned previously regarding spot assets, if you already have plans for a medium- to long-term allocation, then this period of relatively low market attention and quiet trading may actually be a good time to continue gradually looking for opportunities, giving priority to mainstream coins with good liquidity and high market recognition. In many cases, the truly suitable time to buy is not when the market is at its most lively, but when nobody is particularly interested. Of course, it is still advisable to manage your position size and avoid entering with a heavy position all at once. As for today’s specific broader market levels, they are not much different from the levels watched yesterday, so I won’t repeat them. The weekend is almost here again. Wishing everyone a pleasant weekend, and wishing you all prosperity~ $BTC ‌$ETH ‌$SOL ‌

$GT $ETH $SOL The U.S. Department of Labor's July CPI data showed that headline inflation rose 0.1% month-over-month and 3.4% year-over-year, while the annual core inflation rate fell from 2.6% to 2.5%, broadly in line with market expectations. After the data was released, futures markets lowered the probability of a Federal Reserve rate hike in September from 46% to approximately 38%, easing market concerns about further tightening. However, as the data did not contain any obvious "surprise," the crypto market did not establish a clear trend, with Bitcoin continuing to consolidate in a narrow range around $64k.