#美联储重启降息步伐 Gold's early session today is a bit indecisive.

Looking at the 4H timeframe, the price is seesawing at high levels, with the bears having a slight edge. The key levels on both ends are firmly held—resistance and support are both quite clear.

On the indicator side, the J value is dropping quickly and is now sitting at a low point. The K value has crossed below the D value, which signals considerable short-term pullback pressure, and this downward momentum may not be over yet.

Currently, gold is gradually pulling back from its highs, with bears temporarily in control. However, with the J value at this level, a technical rebound could happen at any time. The key point is—can the rebound break through the moving average resistance? If it fails, the pullback will likely continue.

Here are two trading ideas:

Aggressive traders: Wait for a rebound to the 4209-4219 range, try a light short position, set a stop loss above 4225, and target the 4192-4180 area first.

Conservative traders: Don’t rush in. Either wait for the price to firmly stand above 4220, or wait for it to break below 4190, then follow the trend.

In summary, during this high-level consolidation phase, don’t try to pick the top or bottom—wait for a clear direction before making a move for more stability.