Early Thursday morning and late Wednesday night, the Federal Reserve continued to cut interest rates by 25 basis points, with a federal rate cut of 4.25% -4.5%. Gold prices experienced a sharp decline and oversold trend. Here is a brief summary:

Firstly, it is expected that the Federal Reserve will cut interest rates; The interest rate cut cycle begins and will not completely end; At least it will not end until Trump "takes office". Therefore, interest rate reduction is a matter of great probability; In line with market views;

Secondly, interest rate hikes are bearish on gold prices, leading to a downward trend; Interest rate cuts have led to a decline in gold prices; This is completely different from the previous trend; The biggest explanation is that 'the ship naturally straightens ahead'; The price of gold has risen by around 32% this year, such a strong increase; Without sustained risk aversion stimulation, a downward adjustment becomes the only option;

Therefore, our views are clear in the months of 11-12; A： 2790 is likely to be the highest point of the year; B： The double top suppression of 2720 will cause the gold price range to fluctuate downwards; C： Cutting interest rates may not necessarily continue to stimulate the upward trend of gold prices; D： Without the outbreak of large-scale wars, gold prices can only focus on adjustments; As shown below:

Thirdly, due to time constraints, as it is early morning, the suggestion for late autumn is to directly abandon the trading period in the early morning; 'Retreat and build a network' is the best choice; In domestic time, those who go to work on Thursday, those who go to school, and those who do housework do housework. In short, transactions in the early morning must not be suitable for countrymen;

Today, upon receiving the plate and looking at it with great energy and focus, flipping through the surface revealed clarity and clarity; It is easier to make some judgments and the accuracy will be greatly improved; Remember: if you don't rest well, your mind will always be confused about what you do;  

In today's market:

1: Within 4 hours, the random indicator has a dead cross, MACD double line is stuck downward, and there is a bearish signal; Suggest short selling; In terms of form, it belongs to an oversold trend and needs to rebound and correct in the short term; The short-term pressure level is between 2600-2610, followed by the pressure level near 2640;

2: During the day K, if the random indicator crosses downwards and leans towards short selling signals (as we mentioned earlier, the divergence signal of day K is biased towards short selling), one can continue to choose short selling; BOLL interval 2720-2560; Looking downwards in the interval, we have analyzed the daily K interval and found that it tends to oscillate downwards. At present, it has been directly penetrated near the central axis position 2640; Horizontal pressure position in the range of 2600-2610;

Overall: Short selling at the horizontal pressure level of 2600-2610 [around 2605] today; Short term long at the support positions of 2565 and 2540 below; On the market, if you rebound first, then you happen to short sell first; If the market continues to decline, then the support level below, short-term long, game rebound;