#美SEC促进加密资产创新监管框架 The US dollar has fallen for seven consecutive days, with market bets on a rate cut soaring to 89%. In addition, central banks around the world collectively purchased 53 tons of gold in October. Given this momentum, gold and silver prices should be surging strongly. But what happened? Wednesday’s session delivered a surprise: gold edged down slightly, closing with a doji pattern, while silver barely held onto its gains, and the bulls’ momentum was clearly weakening.

Behind this split market lies a clear logical conflict. On one hand, the ADP employment data plunged unexpectedly, flashing a red light for the labor market and providing more grounds for a rate cut; on the other hand, the ISM services index hit a nine-month high, giving the hawkish camp room to fight back. Wall Street institutions are also divided—Bank of America and Morgan Stanley are in favor of rate cuts, while another investment bank insists that holding steady is the right move. With both bulls and bears locked in a stalemate, gold and silver naturally remain volatile.

From a technical perspective, gold has formed a strong support zone near $4,200, and after a proper pullback, it may be considered for phased entry. Silver is seesawing around the $58 level, and it’s safer to remain on the sidelines until there's a decisive breakout.

In this kind of stalemate, what’s really being tested is your ability to grasp the market’s rhythm. Chasing highs amid conflicting data often leaves you caught in the crossfire. $BTC $ETH