9.18 Technical Analysis of Gold Short-term Operations

Today, the focus of the entire market is on the Federal Reserve's interest rate meeting. The market expects a 50 basis point cut, which may be the trigger for this wave of rise, but it may not have much impact at all.

Yesterday, the 2600 line was not kicked off, but fell back with a big negative.
Technical points:

(1) The European session bottomed out and rebounded, and the price continued to return to Monday's low, which broke our expectation of a strong and non-retracement.

(2) The European session continued to retreat to 2386, but still did not break the high. Yesterday, the focus was on the European session rising. If the European session fell, the market would turn to volatility.

(3) Before the US session, the intraday low continued to be broken, and the hourly line was negative, so the US session must be expected to fluctuate.

The European session broke the bottom for the second time, and the US session pulled back to short. It is expected that the US session will continue to break the bottom. After all, the price is good, and everyone is afraid that the long orders will be stuck at the top of the mountain, so they are willing to go short.

Operation strategy:

1. Before the meeting, continue to arrange according to the technical pattern. Short-term short position at 2575 can be shorted within the day, with a loss of 85, and look at 2555-50.

2. If it cannot be reached before the meeting, the price will remain the same. The Fed meeting will be closed for a break. If it can break the high before the meeting, hold it and look for a new high.
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