Morning Strategy for Mu Xin Gold

Fundamentally, global risk assets are generally under pressure, with U.S. stocks experiencing a significant pullback. The flight-to-safety demand temporarily supports the dollar, putting pressure on gold prices. Meanwhile, the market's debate over the Fed's pace of interest rate cuts has intensified, leading to a noticeable increase in precious metal volatility. Additionally, gold prices were previously at high levels, and with multiple bearish factors stacking up, gold has rapidly fallen back, with short-term profit-taking concentrated on the sidelines.

From a technical perspective, on the 1-hour chart, gold prices broke below a key support zone yesterday and are currently trading near the lower Bollinger Band. Short-term moving averages are in a bearish alignment, indicating a clear downtrend. Although the KDJ indicator has entered an oversold zone, suggesting a potential short-term technical rebound, the overall weak pattern remains unchanged.

In terms of trading, wait for a rebound to the 4420-4430 area to establish short positions. Watch the 4380-4350 zone below; if it breaks effectively, further targets could be below 4300. $XAUT #稳定币去利息化博弈升温