#美联储维持利率不变 2026 Year 1 Month 29 Day Spot Gold Midnight Analysis
After falling more than 400 points, a sharp drop must be followed by a sharp rise.
Spot gold plummeted more than 400 points from a high of 5598, with the current price approaching the 5180 mark. The extreme sell-off has shocked the market. However, it is important to clarify: this sharp decline is a short-term correction resonating with the concentrated exit of super profit positions and the midnight liquidity gap, and it is by no means a collapse of the bull market. The technical recovery rule of "sharp drop must lead to sharp rise" is quietly taking effect.
The core logic supporting the sharp rise remains unchanged: global central bank gold purchases continue to set records, with UBS forecasting gold purchases to reach 950 tons by 2026, solidifying the bottom of physical demand; the weakening of the dollar credit system and unresolved geopolitical risks highlight the long-term allocation value of gold. Historically, when gold's single-day decline exceeds 3%, the probability of a rebound in the short term exceeds 80%. After the sharp decline in October 2025, it quickly regained lost ground.
From a technical perspective, the 5150-5180 range is a strong support area. After the sharp drop, the short selling power has been exhausted, and bottom-fishing funds are poised to enter the market. Midnight operations must abandon panic, avoid chasing shorts, and refrain from blindly cutting losses. Light positions can be tried around 5180, with a stop loss below 5140, targeting a rebound resistance level of 5280-5300.
The sharp drop is a short-term emotional release, while the long-term rising logic is solid. After midnight fluctuations, there will inevitably be a strong recovery. Seizing the opportunity to enter after a correction is the rational choice.
The above is only personal advice, for reference only, does not constitute investment basis, please refer to Cheng Jingsheng Shipan's layout for specifics! $XAU
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