Gold waits for signals before the Fed policy is implemented

As a safe-haven asset, gold continues to attract attention amid multiple risks. The tense situation in the Middle East and the concerns about stagflation caused by Trump's tariff policy have prompted investors to flock to the gold market to hedge against uncertainty, but the hawkish signals released by the Federal Reserve have put pressure on gold prices - the high interest rate environment may weaken the attractiveness of interest-free assets.

The current technical aspect shows that the rebound momentum of gold is insufficient, and it has failed to break through the 3405 first-line suppression position for many times, and the short-term bearish pattern is obvious. If the first-line support of 3360 is broken for the second time during the European session, it may further test the low point of 3330; if it holds this position, it is necessary to be vigilant to the market waiting for the volatility brought by the implementation of the Fed's policy. On the whole, geopolitical risks and policy games form a tug-of-war, and gold prices may maintain a volatile upward trend, but it is still necessary to be cautious before breaking through the 3400 mark. In terms of operation, it is recommended to carry out a high-altitude and low-multiple strategy around the 3360-3405 range, focusing on the breakthrough signals of key points and the instantaneous impact of the Fed's statement on market sentiment.

Gold Recommendation 1: Arrange short orders in the rebound 3395-3398 range, stop loss 3405, target 3373

Gold Recommendation 2: Arrange long orders in the retracement 3373-3368 range, stop loss 3360, target 3390