#美联储FOMC会议 Fed decision window period—does gold still have potential?

Gold’s movement on Tuesday was a bit erratic. It dropped to around 4170 in the morning, then bounced back up. The recent market has been like this—strong, but unstable. It takes a few steps up, then has to pull back and consolidate—a typical choppy rhythm. Yesterday, when the European session rebounded to around 4212, I said don’t chase the highs; this kind of market is the easiest to get trapped in. The proper approach should be to enter long positions when it pulls back to the 4190 line, and sure enough, the market followed this logic, pulling back to a low of 4189-4190 before gathering strength for another push towards the 4220 resistance.

The FOMC meeting hasn’t started yet today, and my view on the upcoming direction hasn’t changed—I still see a higher probability of choppy upward movement. This morning, focus on the area around 4190. If it pulls back to that level, it’s a great opportunity to build positions.

From the hourly chart, the moving averages have already formed a golden cross signal, and the bullish alignment is clear, indicating that gold’s rise is still supported by momentum. Even if there’s another pullback, it’s likely to stop around 4189, after which you can continue to buy on dips.

To summarize the trading strategy: build long positions in the 4190-4195 range, with targets at 4230 and 4240. The Fed decision may bring volatility, but until then, the technical setup still favors the upside.