Enze: Key Support from Dive, Gold Trading Strategy

Originally, the plan was to consolidate within a range before the Fed decision, waiting for Powell's speech for guidance. However, during the European session, the market plunged sharply, indicating that policy news was leaked early, and the market had already priced in hawkish expectations. After the evening speech, there is a high likelihood that the market will have exhausted its bearish move and will explore a bottom before rebounding; if the stance is dovish, a quick rally is expected.

Below, watch the 618 Fibonacci level at 4791 and prepare for a break below 4800. The overall bullish trend remains intact, currently in the second wave correction, which will give way to the third wave rally once completed.

Gold is currently consolidating. On the upside, focus on resistance at 4965-4970; on the downside, monitor support at 4785-4790. Trading should primarily involve shorting on rebounds at resistance levels; specific real-time strategies will be updated during trading hours.

Gold Trading Strategy:
- Buy on dips around 4785-4790, with a stop loss at 4756, targeting 4958-4970; hold if the level is broken.
- Short on rebounds at 4965-4970 resistance, with a stop loss at 5006, targeting 4800-4810.

Disclaimer:
The above analysis is Enze's personal opinion for reference only and does not constitute any investment advice!