Hello everyone, today let's talk about two market topics.

First, the news side—

Regarding the Atlanta Federal Reserve, the current Chair Bostic is retiring at the end of February, and the board has already initiated the selection process for the new Chair. According to the Federal Reserve Act, the regional Fed Chair is chosen by Class B and Class C directors (those not employed by financial institutions), and final approval must come from the Federal Reserve Board in Washington. The selection committee is led by Gregory Haile, CEO of Upwardly Global, who publicly stated that he will listen to all parties throughout the process. Changes in senior Fed personnel will somewhat influence subsequent policy expectations.

Now, on the technical side—

Gold has been under some pressure these past two days. Multiple attempts to rise yesterday failed to break new highs, and during the US session, it started to decline, with an accelerated drop around midnight. This morning, it continued to weaken, falling below 4300, clearly showing a short-term bearish bias. The four-hour chart shows consecutive bearish candles, and the price has broken below the 20-day moving average and is still fluctuating underneath. Based on the candlestick pattern, it is likely to continue downward. The key short-term support is at 4300; focus on whether it can recover this level in the afternoon.

Trading ideas for reference:

Gold short entry at 4290-4300, stop loss at 4310. If it unexpectedly breaks below, then consider shorting again at 4315-4320, with a target of 4270.

Risk reminder: Trading involves risks. Make decisions cautiously, and all profits or losses from operations are your own responsibility.