Beijing time 9/17, 2:00 AM – Federal Reserve interest rate meeting The market has already priced in a high probability of one rate hike. Most of the bearish sentiment has been digested; when the bad news is fully priced in, it becomes good news. What’s more important now is whether the Fed leans hawkish or dovish. Will the dot plot be adjusted up or down to determine the likelihood of another rate hike this year? Will Powell’s press conference signal a one-and-done approach or continued tightening? Gold ($XAU) weekly trend remains bullish. Global central banks continue to buy gold, and ETF inflows persist. This is just the first pullback after the recent rally. On the daily chart, it’s in a downward channel; on the hourly chart, the highs are gradually lowering. The first major resistance above is at 4320-4360. If the rebound can’t break through this level, it’ll be tough for the bulls to make significant progress. Key support below is at 4240 – if this level is decisively broken, the downside potential will open up again. Not recommending rushing to buy the dip at the current price. If you really want to go long, set buy orders around 4240-4203 before taking action. Expect volatility to spike around the FOMC meeting, with short-term wicks in both directions.