#黄金 Evening Gold Strategy on October 12
Currently, gold is in the stage of 'Asian session oscillation under pressure + speculation before the Federal Reserve's decision':
The market is focused on the Federal Reserve's interest rate decision in the early morning, with a general expectation of a 25 basis point rate cut, but there is uncertainty in the 'hawkish rate cut' signal. Combined with a weak labor market and inflation above target, volatility will increase after the decision, and capital in the Asian session is cautious and observing;
Although the longer cycle continues to rise, the Asian session is constrained by the previous high of 4219, oscillating around 4213. The short-term upward pace is slowing, and it is in a consolidation phase before the decision;
The MACD on a larger cycle has a golden cross upwards, but the energy bars above the 0 axis are weakening. The moving average system on the hourly chart is turning downward, and the price has fallen below the short-term moving average. The bullish momentum is temporarily paused during the Asian session's oscillation and consolidation.
Operational Suggestions: Take short positions when rebounds meet resistance, lightly short near 4205-4208
Defense: 4213
Target: 4198, 4195
