Gold stablecoin XAU reached 5600 twice today

In the morning, it spiked up to 5600 then retreated, followed by a second peak and another retreat, currently around 5550+

Now 1. Geopolitical uncertainties remain high 2. The US dollar is temporarily weakening➕ Federal Reserve expectations fluctuate 3. Central banks continue to buy gold➕ ETF capital inflows, plus the demand for safe-haven assets. No one knows where the top of gold will be.

But recently, a strategy of opening long positions near oversold zones has benefited many. Everyone can check the market indicators; every time it reaches these levels, it quickly rallies.

Yesterday, the Federal Reserve's monetary policy meeting—here's a brief summary:

Focusing only on whether interest rate cuts are involved, although the Fed didn't explicitly outline the next rate adjustment path, Powell didn't outright deny a rate cut at the next meeting like in previous times. Instead, he said it depends on the data, which is a more dovish stance. He also indicated that if the labor market weakens, the Fed will consider cutting rates more.

This morning's Ethereum strategy: short below support levels, opening a short at 2955 to profit. Currently, Bitcoin is supported by trend lines; if it holds, there is still hope for a rebound.