Interest rate decision hits, gold will return to 2600

2024-12-18 1538

Gold rose slightly in the morning session around 2658 before falling under pressure, and continued to decline in the US session, falling all the way to the 2632 line. In the late session, it rose back to the morning opening position, and the daily chart closed with a slightly longer lower shadow line than the upper shadow line.

At 03:00 the next day, the Federal Reserve released its interest rate decision and summary of economic expectations. At 03:30 the next day, Federal Reserve Chairman Powell held a monetary policy press conference. The current market is closely monitoring this news, and it is expected that gold will experience significant fluctuations at that time.

Detailed operational strategy for gold today:

Rebound 2656 short, defend 2662, target 2645-2635

Step back 2635 to buy more, defend 2628, target 2650-2660

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