Gold is currently continuing its overall fluctuating pattern, without forming a clear one-sided trend. The market is waiting for guidance from the Federal Reserve's interest rate decision early Thursday morning. It is expected that before the data is released, the gold price will continue to maintain a range of fluctuations.

Yesterday, gold rebounded to around 4209 but faced pressure and fell back, which aligns with expectations. Currently, the 1-hour moving average system is fluctuating repeatedly, and overall, it is still operating within a wide range. Key resistance to watch above is the 4220 area; if it faces pressure here in the morning session, short-term short positions can be considered. Important support is located in the 4150-4160 range below; after stabilizing, attempts to go long can be made.

The current market is calm before the storm, and it is necessary to maintain a range mindset before the interest rate decision is announced to avoid chasing highs and cutting losses. Patience is required to wait for the decision to choose a direction, at which point volatility may significantly increase.

Morning trading ideas:

· Short gold near 4220, stop loss at 4232, target at 4160-4170.

· Long gold near 4160 on a pullback, stop loss at 4150, target at 4220-4230. #比特币VS代币化黄金 #美联储重启降息步伐 #加密ETF十月决战