张尧浠：基本面因素利好交织、金价看涨新高前景加强

Core Viewpoint - The outlook for gold prices is bullish, supported by fundamental factors and expectations of further interest rate cuts by the Federal Reserve [1][6]. Group 1: Market Dynamics - On August 28, international gold prices rebounded after reaching key support levels, with a closing price of $3,416.65 per ounce, reflecting a daily increase of $18.48, or 0.54% [4]. - The gold price is expected to test resistance around $3,348 in the short term, with strong support from various moving averages [2]. - Despite some weakening in bullish momentum, the overall trend remains upward, with potential for new highs [4][11]. Group 2: Economic Indicators - The dollar index has declined, which typically supports gold prices, as the market anticipates further weakness in the dollar [6]. - Upcoming economic data releases, including the U.S. core PCE price index and consumer confidence index, are expected to influence market sentiment, although the overall expectation leans towards a bearish impact on gold [7]. Group 3: Technical Analysis - The gold price has maintained stability above the 60-day and 100-day moving averages, indicating a strong bullish trend [11]. - Key support levels to watch include $3,397 and $3,380, while resistance is noted at $3,431 and $3,449 [12]. - Historical patterns suggest that after a period of adjustment, gold prices are likely to rise again, with significant support at $3,270 and $3,220 [9].