XAUUSD: Market Analysis and Strategy for October 28GoldOANDA:XAUUSDActuaryJLooking ahead at the gold price trend for the next 15 days, this week features a flurry of central bank policy decisions: the Federal Reserve on Wednesday, the European Central Bank on Thursday, and the Bank of Japan on Friday. Market sentiment is currently characterized by a "wait-and-see" approach, with frequent "bull traps" and shakeouts as both bulls and bears test each other’s strength. Keep a close eye on upcoming news and announcements. Yesterday, gold found support at a low of 3975, triggering a strong rebound that pushed the price as high as 4065 before a slight pullback and consolidation. On the short-term hourly chart, gold has broken out of the 4033–3976 range where it had been confined for the previous three trading sessions. The center of gravity for the price has shifted upward, and following this bullish counterattack, the market has entered a phase of high-level consolidation. With a strong daily close—marked by a recovery from lows and a breakout from the previous range—the technical structure has shifted toward a bullish outlook. However, one must remain rational; whether this bullish momentum can be sustained depends largely on today’s Federal Reserve interest rate decision and the remarks from the Fed Chair. Key support levels: 4046, 4033, 4010; Key resistance levels: 4088, 4110, 4136. My recommendations: SELL: 4090–4095 / 4100–4105; Stop-loss: 4120; Targets: 4030–4000 BUY: 4020–4025 / 4010–4015; Stop-loss: 3990; Targets: 4070–4100