Gold Strategy - Fed Cuts Rates as Expected, But Policy Path May Change

Fundamental Analysis:
The Federal Reserve cut interest rates by 25 basis points overnight, in line with market expectations. However, Fed Chair Powell’s subsequent comments were relatively hawkish, as he clearly indicated the possibility of pausing rate cuts in December and suggested a more cautious approach to the future rate cut path. This caution is likely partly due to the upcoming presidential election, as the Fed may wait for clearer policy direction from Trump before making further plans, especially as it is widely expected that he will push for additional tariff policies, which could increase the risk of secondary inflation.

Technical Analysis:
The 15-minute gold chart shows that prices are in a downward range. Given that prices are correcting within the supply and demand area, short positions can be considered within the demand area where the correction is not yet complete, with a stop loss set above the top of the range. A 1:1 risk-reward ratio is recommended or targeting the current low of the trend as a flexible target.

Trading Recommendation:
Short at 2698.93 or a better price, with a stop loss above 2710.32 and a target of 2687.53.

Support: 2680.31; Resistance: 2710.32.

Disclaimer: The above content is for reference only and does not represent the platform’s stance. Stick to your strategy and apply appropriate risk controls.