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Brothers! It is now 2:18 AM, with gold price at $4208 per ounce. There are only 12 minutes left until the Federal Reserve interest rate decision. Follow this current price order strategy directly and act quickly!
First, clarify the core logic: the market has already priced in the expectation of a 25 basis point rate cut. Tonight's key factor is whether Powell’s speech is “dovish” enough. It’s likely to be a wide-range fluctuation, so don’t guess the direction prematurely! The current price at $4208 is very delicate, stuck between the support at $4200 and resistance at $4230. We have two scenarios to act:
For those wanting to go long, don’t chase directly! Wait until the pullback stabilizes at the $4200-4195 level before entering. Set the stop loss below $4185, with initial targets at $4230-4245. If it breaks above $4250, aim for $4270 — this is a strong resistance zone in recent consolidation; For those wanting to short, wait for a rebound to $4225-4230 and encounter resistance before acting. Set the stop loss above $4240, with targets down at $4200-4180. If it breaks below $4175, add to positions accordingly.
Important reminder: The early morning market can fluctuate by 30-50 points. Position sizes must be controlled within 20%, with a stop loss set at 10 points. Don’t hold on stubbornly! After the decision is announced, the market may first sweep and then trend. If unsure, wait until the 3 o’clock speech ends. Once the direction is clear, follow through. Preserving capital is more important than anything else.
Lastly, to be honest, the outcome of this move depends on the news and market sentiment. Don’t be greedy—take profits once your target is reached. Lock in your gains, that’s the key. Wishing everyone a profitable night without getting caught off guard!