黄金初现变盘征兆关注破位抉择

Group 1 - The core viewpoint indicates that despite favorable data, gold prices are currently in a correction phase, with significant pressure from above [1] - Market expectations for a Federal Reserve rate cut, a weakening dollar, and rising geopolitical risks are contributing to a bullish outlook for gold [2] - The U.S. Producer Price Index (PPI) for August rose less than expected, reinforcing the market's anticipation of a rate cut at the next Federal Reserve meeting [2] Group 2 - The CME FedWatch tool shows that the market is fully pricing in a 25 basis point rate cut at the September meeting, with a 10% probability for a 50 basis point cut [2] - Geopolitical tensions in Europe and the Middle East are driving safe-haven investments into gold, further supporting its price [2] - Technical analysis indicates that gold prices are currently in a range-bound movement, with key support at 3620 and resistance at 3645 [3]