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**Market Brief**

There is some movement at the Federal Reserve. The current president of the Atlanta Fed, Bostic, will step down at the end of the year, and the board has already begun the process of selecting a new chair. According to the Federal Reserve Act, the new chair must be elected by Class B and Class C directors—those not registered with financial institutions. The final candidate must also pass the approval of the Federal Reserve Board in Washington.

An official statement was released on Monday, with the selection committee led by current Board Chairman Gregory Haile (CEO of Upwardly Global). The committee stated it will consider market opinions throughout the process. Such personnel changes usually influence subsequent policy tone, so it’s worth paying attention.

**Technical Analysis**

Gold’s performance is quite interesting. It attempted several times yesterday to push higher but failed to break new highs. During the US session, it started to weaken and even accelerated its decline around midnight. This morning, the bearish momentum continued, and it has once again broken below the 4300 level, showing some short-term weakness.

The four-hour chart has consecutive bearish candles, and the price has fallen below the 20-day moving average, currently hovering at this level. The upcoming closing will be very critical—based on the pattern, it’s likely to continue downward. The recent resistance level is at 4300; this afternoon, focus on whether the price can recover this level.

**Trading Reference**

Gold Short Position: Enter at 4290/4300, stop-loss at 4310. If unexpectedly hit, consider adding shorts at 4315/4320, with a target of 4270.

Risk Reminder: The market carries risks; operate cautiously. This advice is for reference only; gains and losses are your own responsibility.

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