张津镭：CPI决战夜！黄金高空低多，破位顺势跟进

Core Viewpoint - The recent fluctuations in gold prices are influenced by weak US PPI data, solidifying expectations for Federal Reserve rate cuts, and ongoing geopolitical tensions, leading to a new bull market cycle in gold [1] Group 1: Market Analysis - Gold prices experienced limited volatility, oscillating around $20, closing at $3639, with a small upward trend on the daily chart [1] - The market is closely watching the upcoming US CPI data, which is expected to significantly impact Federal Reserve policy and short-term gold price movements [1] - Current market sentiment shows a weakening bullish bias among gold traders, with potential for a short-term bearish reaction if prices fall below $3620-25 [2] Group 2: Technical Indicators - Key resistance levels for gold are identified at $3655-60, while support is noted around $3625-20 [2] - A break below $3620 could trigger a short-term bearish response, with further testing of $3605-00 and possibly $3570 if negative fundamentals arise [2] - The prevailing market sentiment is influenced by expectations of a Federal Reserve rate cut next week, which may overshadow other factors [2] Group 3: Trading Recommendations - Suggested trading strategy includes buying gold at $3628-3629 with a stop loss at $3620 and a target of $3650-3660 [3] - If prices drop below $3620, a reversal to short positions is recommended [3] Group 4: Key Economic Events - Important economic data to be released includes the European Central Bank's interest rate decision and US CPI data for August, both scheduled for 20:30 [4] - Additional data includes initial jobless claims and core CPI figures, which will also be released at the same time [4]