Market Overview - Gold experienced a significant drop, falling by $45 after reaching a high near $3672, indicating a continued high-level adjustment phase [1][10] - The recent trading saw a V-shaped rebound, with gold briefly surpassing $3670 before plunging to $3627 [5] - Current adjustments suggest a potential test of the $3631 support level, with further declines expected if this level is breached, targeting $3600 [9][10] Economic Factors - The Federal Reserve's recent interest rate cut has influenced market sentiment, with Chairman Powell's comments suggesting a conservative approach, leading to a strong dollar and subsequent gold price decline [11] - A notable drop in unemployment claims, the largest in four years, indicates a reversal in labor market performance, further strengthening the dollar and pressuring gold prices [11] Central Bank Decisions - The upcoming Bank of Japan's decision is critical, especially following the Fed's recent rate cut and the Bank of England's decision to maintain rates [12] - Despite a cooling CPI, the Bank of Japan may still consider further rate hikes, which could impact currency markets [12] Investment Strategy - Investors are advised to focus on entry and exit points for gold investments, emphasizing the importance of accuracy in trading to achieve stable profits [12] - A well-established trading team claims an accuracy rate of 85% or higher, highlighting the potential for significant profit margins with controlled risk [12]