September 16th Gold Trading Strategy Report:

I. Core Views
Gold's daily and 4-hour technical structures show a significant bullish pattern, having reached a record high. The main trend is upward, but the short-term RSI is overbought and facing the risk event of the Federal Reserve’s decision, market volatility may intensify. Strategically, we should prioritize buying on dips and following the trend. Avoid chasing highs and be prepared for a potential pullback triggered by a hawkish Fed decision.

II. Technical Analysis Summary
Daily Chart:
Trend: Strong uptrend, with a medium-sized bullish candlestick breaking through the previous high. The moving average system shows a standard bullish pattern.
Key Support:
Primary Support: 3655 (current 5-day moving average)
Secondary Support: 3620 (10-day moving average)
Bull-Bear Dividing Level: 3613. If the price holds above this level, the upward trend remains intact.

Key Resistance:
Primary Resistance: 3695 (upper limit of the ascending channel)
Breakthrough Targets: 3715, 3722
Risk Warning: RSI is in the overbought zone above 70, suggesting a technical pullback.

Four-Hour Chart:
Wave Structure: Confirmed to be in the third wave of the five-wave upward trend, with strong momentum.
Key Support:
Primary Support: 3674 (previous high reversal level)
Minor Support: 3656/57
Short-term bull/bear boundary: 3626. Until this level is broken, the short-term bullish strategy remains unchanged.

III. Trading Strategy and Plan
(Pre-Federal Reserve Decision - Short-term)
Main Strategy: Buy at low levels, entering the market in batches based on support.
[Long Strategy]
Entry Zone: Establish long positions in batches within the 3656-3665 range.
Stop-loss: Below 3646 (or below 3656) to ensure trading discipline.

Target Areas:
First Target: 3685 - 3690
Second Target (after a breakout): 3700 - 3715

[Short Strategy] (Counter-trend short-term trading, always keep a small position!)
Aggressive: Try a small short position in the 3685-3690 area, with a stop-loss of 8 pips, targeting 3665-3655.
Conservative type: Wait for the price to test the 3700-3705 area before placing short orders in batches, betting on technical pullbacks or event-driven declines.

Trading Plan:
Consider taking profits on long positions before the decision or on a breakout.
Closely monitor price reactions. If a breakout or direct decline signals arose, shift your focus to shorting opportunities at higher levels, targeting daily support levels (3655, 3620).

IV. Key Risk Warnings
Federal Reserve Policy Risk: This decision is the biggest variable. The key focus isn't whether or not there will be a rate cut, but rather the wording of the policy statement, the dot plot's projections of the path of future rate cuts, and the tone of Powell's speech. Any "hawkish" hint could weigh on gold prices.

Political Event Risk: Political agendas, such as Fed Board nominations, could trigger unexpected market volatility.

V. Summary and Risk Management
Today's Key Trend: Expect strong consolidation at high levels before the decision, with the possibility of further upward movement. The operation is mainly to go long when the price falls back to key support, but all positions must be well risk-controlled before major events.

Risk Control:
Strict Stop-Loss: A stop-loss must be set for all trades to prevent a unilateral reversal in the event market.
Maintain a light position: Volatility is magnified in the lead-up to the event, so be sure to reduce your position to control risk.