Rate Cut Expectations Boost Gold — Caution on Highs

8月22日

Fed Chair Powell noted that shifting economic risks strengthen the case for rate cuts, signaling potential support for a 25bp cut at the September meeting. In response, gold bulls surged, breaking through the 3358–3366 resistance and reaching around 3378.

⚠️ Caution: After sharp rallies, pullbacks are common. Avoid blind chasing — if you do, keep positions light and be ready to close quickly.
📌 My outlook: I’ve started entering sell positions, with key supports to watch at 3366–3358–3352 during pullbacks.

Importantly, this rally has shifted the 1D structure; holding above 3350 could open the door for a bullish move toward the 3400 level.

8月22日

交易开始

Our sell orders are already in profit ✅
Short-term volatility remains high, so conservative traders may consider closing positions to secure gains.
If you choose to hold, please make sure to manage risk carefully to avoid unexpected reversals.