香港第一金PPLI金评：美联储议息维持利率不变 黄金受挫连阴下跌

Economic Data - The ADP employment report for July showed a higher-than-expected increase in private employment, contributing to a second-quarter GDP growth rate of 3.0%, which also exceeded expectations [1] - Despite potential inaccuracies in the data, it has diminished market expectations for an imminent easing by the Federal Reserve, leading to a sell-off in gold [1] Federal Reserve Decision - The Federal Reserve maintained the benchmark interest rate at 4.25%-4.50%, aligning with market expectations for the fifth consecutive meeting [1] - Some members, including Bowman and Waller, expressed support for a rate cut, indicating a divergence in opinions within the Fed [1] - The Fed's statement highlighted that the unemployment rate remains low and the job market is stable, while inflation is still slightly elevated [1] Market Reactions - Following the Fed's announcement, there was a notable impact on gold prices, with spot gold dropping below $3,270 per ounce, reaching a low of $3,267 per ounce [3] - The market is currently experiencing a short-term bearish trend, with key support identified at $3,247 per ounce [3] Technical Analysis - The one-hour moving average for gold continues to show a bearish arrangement, with resistance around the previous low of $3,301 [4] - The strategy suggested is to buy on dips at $3,247 with a stop loss of $10 and a target of $3,300, while selling on highs at $3,300 with a stop loss of $10 and a target of $3,370 [7]