Prices have fallen. It's still worth buying.GoldOANDA:XAUUSDQuaid_3On Wednesday, the European and American sessions saw slight fluctuations, which were entirely within the predicted and controllable range. The highest point reached was around 4206, and the low point was 4186. The strategy of buying low and selling high is a common approach when the market is in a range. Following the announcement of the Federal Reserve's interest rate decision and Powell's speech, the bulls began to bottom out and rebound, continuing their upward trend in the early Asian session, reaching a high of around 4247, approaching the previous high. However, the upward momentum was short-lived, and the market began to fall before the European session opened, currently reaching a low of around 4204. Regarding the current market trend, Quaid suggests tentatively going long and waiting, while the key support level remains at the psychological level of 4200. This level is also a crucial defensive position at present, and if it continues to fall, gold may continue to break down in the later stages. Conversely, during a short-term upward trend, the magnitude of pullbacks is also crucial; excessive declines will diminish the momentum for further upward movement. Theoretically, since the resistance level of 4220 has been broken, the probability of a pullback has decreased. However, whether the European session can continue to break through this resistance will be a crucial factor in determining the direction of the US session. Currently, we will continue to operate based on the bullish trend. We recommend buying on pullbacks to the 4205-4210 area, targeting 4220-4235, with a stop-loss at 4190. If the price falls below 4200, we will consider stopping the loss and changing the strategy. I will update more real-time strategies in the channel.