香港第一金：美联储交卷前，黄金为何突然‘蹲下’？

Group 1 - The core viewpoint is that comments from Hassett regarding the irresponsibility of preemptively setting long-term interest rate plans have cooled market expectations for aggressive rate cuts, leading to a significant drop in gold prices [2] - Russia's announcement to ban gold bar exports starting in 2026 provides psychological support for gold prices from a long-term supply perspective [2][3] Group 2 - Central banks globally, including China, have been continuously increasing gold reserves, with China having added gold for 13 consecutive months, indicating a solid foundation for gold demand in the long term [3] - Factors such as de-dollarization and geopolitical uncertainties contribute to a stable outlook for gold [3] Group 3 - The market is expected to maintain a range-bound trading pattern ahead of the Federal Reserve's decision, suggesting a cautious approach with light positions and strict risk control [4] - Resistance levels for gold are identified at 4218-4230, while support is noted at 4170, with strong support in the 4155-4163 range [5] Group 4 - A strategy is proposed for trading gold, suggesting light long positions if prices stabilize around 4170-4176, with a stop loss at 4166 and a target of 4200-4210 [6] - If gold prices break above 4230 and hold, it may signal the start of a new upward trend, warranting light long positions [7] - Conversely, if gold prices fall below 4170, a deeper short-term adjustment may occur, with risks of a decline to 4160-4150 [7]