The golden bear market is difficult to change, and the general direction of the $ 1500 is unchanged

The Fed announced the resolution of the September Monetary Policy Conference and announced the third consecutive interest rate hikes 75 basis points. The predicted medium value shows that the federal fund interest rate at the end of 2022 was 4.4%. The Federal Reserve reiterated that it is appropriate to continue to raise interest rates and pay close attention to the risk of inflation. The Federal Reserve Chairman Powell promised to lower the inflation of US inflation to 2%at a subsequent press conference. The Fed has many policy tools to restore price stability. The US dollar index rose and exceeded 110, up to 111.3. Yesterday, the world's largest gold ETF -SPDR GOLD TRUST minus 1.16 tons of gold. This week has been reduced for 3 days in a row.

Before and after data announcement, the international gold price fell to nearly $ 1650/ounce, and then immediately pulled up sharply to $ 1688/ounce, and then gradually fell to nearly $ 1666/ounce. The phenomenon hammer body has not been broken in the short -term oscillation pattern. At present, the market needs to start to carefully interpret the Fed's policy conference resolution and policy statement, and the long -term impact of the Fed's President Powell to determine the direction of the gold market.

Selling all the way above 1680 US dollars/ounce, it must be the seller who is still empty in the mid -term. Gold ETF continues to use each rebound to sell a large amount of gold enough to remind this directional choice. Perhaps because the Federal Reserve raised interest rates without unexpected 75 basis points, it did not cause instant consistency to sell. However, the Fed's firm attitude of continuous interest rate hikes, Fed Chairman Powell promised to lower the United States inflation to 2%. This will determine that the direction of the Fed's tightening will not change in the future, and the golden bear market will not shake. Therefore, the multi -header counterattack is just a short -lived. When the main institutions enter the market rationally today, it may be the time window for the price of gold price. The author believes that the double -top head and neck lines on the moon line will be coming after the unilateral decline in the breakthrough, and the price of gold will fall to $ 1,450/ounce to $ 1500/ounce.

After the opening of the Asian market today, the price of gold continued to fall, and the range of bombardment was almost reached. A short -term fierce oscillating form meets market inertia and hype needs. However, the results of the Federal Reserve's interest conference and the absolute emptiness of the Fed's chairman's statement will determine the final direction of the gold price after oscillation. Based on the Federal Reserve Chairman's statement, the author believes that the price of gold has fallen below the previous low, and the probability of continuing to form a big wave of big waves is far greater than the oscillating and recovery trend. The market also needs to continue to digest the results of the Federal Reserve's interest conference, which also means that today is the beginning of the decline.

According to the important position of the golden segmentation axis center of point of time, it supports $ 1658/ounce, $ 1650/ounce, $ 1638/ounce, and the upper resistance is 1684 US dollars/ounce, $ 1692/ounce, $ 1705/ounce, and the middle shaft level $ 1671/ounce.

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