Ethereum: 0x68749665ff8d2d112fa859aa293f07a622782f38 Gold Market Analysis 2026.04.29 The FOMC interest rate decision will be announced at 2:00 am tonight, and the market unanimously expects the interest rate to remain unchanged at 3.50% -3.75%. The focus is on the chairman's statement and the dot matrix chart's guidance on the future path of interest rate cuts. The inflation stickiness driven by high oil prices has further reduced the probability of interest rate cuts this year, causing a rebound in the US dollar index and an increase in real yields, which has significantly suppressed gold in the short term. The US Iran conflict negotiations have reached a stalemate, and the tense situation in the Strait of Hormuz continues to provide safe haven support, but at the same time, it exacerbates global energy inflation and strengthens the macro environment of "higher interest rates for a longer period of time". In the long run, global central bank demand for gold remains resilient, and structural factors such as the US fiscal deficit and debt problems continue to provide a solid fundamental basis for gold. The short-term trend will highly depend on the hawkish tone of today's FOMC statement. As shown in Figures 2 and 3, in early March, I mentioned that the 4400 gold rebound was a rebound, reaching 5300+and not breaking through the previous high. Afterwards, gold continued to fall below 4400. Subsequently, gold rebounded to 5400+and then fell to 4100; In the video on March 22, it was mentioned that after gold fell below 4400, the needle closed and the entire downward structure began to rebound, followed by the market as shown in Figure 1. What do you think of gold next? After rebounding, should we continue to break through the low? Or will it continue to rise after the adjustment is over? Technically speaking, I believe that the rebound from 4100 corresponds to the entire decline from 5600-4100. Under this path, the rebound from 4100-4891 is only the first wave of rebound (blue line in Figure 1), while the rebound from 4891 is a correction against the first rebound (blue box in the figure). After finding the end point of the correction, there is still an upward trend of the same level as the blue line. If the blue line in Figure 1 is initially blocked, it is a possible end point for the rebound. As long as gold does not break through 4891, I will focus on short selling at high prices in the near future. After obtaining support in the red support range (4400, 4300) in Figure 1, I will consider buying long orders again. The market for gold is much clearer than BTC.