张尧浠：9月降息预期锁定、金价止跌反弹看涨前景加大

Core Viewpoint - The expectation of a rate cut by the Federal Reserve in September is solidifying, leading to a bullish outlook for gold prices, which are showing signs of recovery after a recent decline [1][3]. Price Movement - On August 13, gold opened at $3348.35 per ounce, dipped to a low of $3342.68, and then rose to a high of $3370.42 before closing at $3355.78, marking a daily increase of $7.43 or 0.22% [3]. - The price is expected to test resistance around $3440, with support levels at the 60-day and 100-day moving averages [1][9]. Market Influences - The recent decline in the U.S. dollar index, influenced by calls for a significant rate cut from the U.S. Treasury Secretary, has contributed to the upward movement in gold prices [3][5]. - The market is anticipating initial jobless claims and PPI data, which could impact gold prices, but the overall sentiment remains bullish due to the prevailing rate cut expectations [5][9]. Technical Analysis - Gold prices have rebounded from the mid-line support after a series of corrections, indicating a potential upward trend despite some weakening in bullish momentum [7]. - The Bollinger Bands are tightening, suggesting that while there may be fluctuations, the overall direction is likely to remain upward [7]. Support and Resistance Levels - Key support levels for gold are identified at $3355 and $3347, while resistance levels are at $3370 and $3385 [9]. - For silver, support is noted at $38.35 and $38.10, with resistance at $38.90 and $39.20 [9].