Analysis of gold price intraday trend!GoldOANDA:XAUUSDGoldenBigAgeMarket News: In early Asian trading on Monday (September 22nd), spot gold prices saw slight fluctuations and are currently trading at $3,690 per ounce. Last week, after the Federal Reserve unanimously announced its first interest rate cut of the year on Wednesday as expected, the London gold price quickly broke through a record high of $3,700. The ongoing Middle East crisis and the Russo-Ukrainian conflict, now entering its third year, are also supporting gold's upward trend. This rally, which has lasted five consecutive weeks, is primarily driven by three factors: first, the market firmly expects the Federal Reserve to continue cutting interest rates in the second half of this year and even into 2026; second, the ongoing instability in the Middle East and the ongoing Russo-Ukrainian conflict; and third, the continued weakening of the US dollar. Although it rebounded slightly after the Fed's decision, it remains generally weak. The "sell on good news" principle seems to be reassuring. Looking ahead to this week, the market will be expecting a series of key data releases, including the September PMIs for the US, Japan, and Europe on Tuesday, the final US second-quarter GDP and durable goods orders on Thursday, the US PCE inflation report on Friday, and speeches by several Fed officials, particularly the views of new Fed member Milan. These data will directly impact the probability of a Fed rate cut in October, currently priced at 91.9%. Technical Analysis: Gold's daily chart showed a correction with consecutive declines. The New York closing price fell below the 10/7-day moving averages, with gold and the US dollar moving in lockstep. Friday's sharp rise saw a strong close in late trading, with the daily chart closing strongly positive. The New York closing price once again crossed above the 103660 MA, and the 7/5-day moving averages remained upward. Technically, the four-hour and hourly charts show gold prices re-entering the upper Bollinger Bands, with the moving averages forming a golden cross and opening upward, and the RSI indicator trading above its mid-axis. Early trading on weekly pullbacks is primarily for buying low, with selling high as a secondary consideration. Trading strategy: Short-term gold long at 3672-3675, stop loss at 3663, target at 3700-3720; Short-term gold short at 3727-3730, stop loss at 3739, target at 3690-3670; Key points: First support level: 3675, second support level: 3662, third support level: 3646 First resistance level: 3703, second resistance level: 3716, third resistance level: 3728