张尧浠：鲍威尔年会讲话来袭、金价多头减弱仍是看涨机会

Core Viewpoint - The article discusses the recent fluctuations in international gold prices, highlighting the potential for upward movement despite current resistance levels and market uncertainties [1][6]. Price Movement Analysis - On August 21, gold opened at $3349.54 per ounce, reached a high of $3351.92, and then fell to a low of $3325.24 before closing at $3338.43, marking a daily decline of $11.11 or 0.33% [4][5]. - The price movement was influenced by technical resistance, profit-taking, and positive economic data from the U.S., which limited the rebound potential of gold prices [5][6]. Market Influences - The upcoming speech by Federal Reserve Chairman Jerome Powell at the Jackson Hole Economic Symposium is anticipated to maintain a hawkish tone, which could further strengthen the dollar and limit gold's upward momentum [7]. - Despite the hawkish outlook, there are strong expectations for future rate cuts, which may provide support for gold prices in the longer term [7]. Technical Indicators - Gold prices are currently facing resistance at the 60-day moving average and support at the 100-day moving average, indicating a period of consolidation and potential volatility [11]. - Historical patterns suggest that after a period of adjustment, gold prices may trend upward again, with key support levels identified around $3270 and $3200 [9]. Trading Strategy - The recommended trading strategy is to adopt a bullish stance on gold, focusing on buying opportunities near support levels while monitoring resistance levels for potential sell signals [11].