Federal Reserve Goes Hawkish Overnight! ETH After Reducing Short Positions from High Levels, Keep Your Core Position Intact - Don't Panic 🚨 Stayed up to watch Powell's entire press conference early morning, the previous bearish thesis got completely locked in ✅ Let me give all the key points for those who didn't stay up late, friends 👇 ✅ Rate cut expectations slashed to zero: Maintaining one rate cut in 2026, but more officials leaning toward zero cuts. Powell stated "no rate cuts unless inflation improves" ✅ Interest rates on the edge of tightening: Current rates at the high end of neutral
Gold is currently in an oversold correction phase following a sharp pullback. In the short term, it faces a game between the rebound resistance level of 4850-4860 yuan and strong support at 4800-4810 yuan, showing an overall pattern of low-level consolidation. Operationally, it is recommended to first observe the strength of the rebound. If the price stabilizes around 4820, consider taking a light position to scalp the short-term rebound to 4850. If the rebound is blocked, reverse to go short with strict stop-loss orders. Avoid blindly chasing shorts at the current oversold level.