Group 1: Gold Market Analysis - The current price of spot gold is around $3415.22 per ounce, having reached a five-week high due to a weaker dollar and geopolitical tensions in the Middle East [2][4] - Gold prices increased by 0.6% to $3416.14 per ounce, marking the highest level since July 23, driven by concerns over the independence of the Federal Reserve [2] - The market is currently in a wide-ranging oscillation phase, with a potential shift towards a trend formation as the oscillation cycle extends [2][4] Group 2: Oil Market Analysis - Brent crude oil futures fell by 0.46% to $67.74 per barrel, while WTI crude oil dropped by 0.56% to $63.79 per barrel, ending the previous day's gains [5] - U.S. crude oil inventories decreased by 2.4 million barrels, exceeding market expectations, but concerns about seasonal demand decline post-Labor Day are prevalent [5] - The oil market is expected to remain in a $60-$65 per barrel range, influenced by Federal Reserve interest rate decisions and India's energy policies [5][6] Group 3: Technical Analysis - For gold, the short-term trading strategy suggests focusing on buying on dips and selling on rebounds, with key resistance at $3430-$3440 and support at $3400-$3390 [4] - WTI crude oil shows a potential support level around $63, with resistance at $65-$66; a breakout above $66 could lead to a rise towards $68 [6] - The overall market sentiment for both gold and oil indicates a cautious approach, emphasizing the importance of risk management in trading strategies [6][7]

Group 1: Gold Market Analysis - Gold prices are currently trading around $3400.47 per ounce, showing a slight upward trend amid geopolitical risks and uncertainty regarding Federal Reserve policies [2] - The upcoming U.S. Personal Consumption Expenditures (PCE) data is crucial, with expectations of a 2.6% increase for July, which could influence market perceptions of inflation and the Fed's interest rate decisions [2] - Technical analysis indicates a bullish trend for gold, with key resistance at $3400 and support at $3365, suggesting a potential for further upward movement if support levels hold [3][5] Group 2: Oil Market Analysis - Brent crude oil prices have decreased by 0.46% to $67.74 per barrel, while WTI crude oil has fallen by 0.56% to $63.79 per barrel, ending a previous upward trend [6] - U.S. crude oil inventories fell by 2.4 million barrels, exceeding market expectations, but concerns about seasonal demand decline post-Labor Day are limiting price increases [6] - Technical indicators suggest that WTI crude oil is experiencing a range-bound market, with support at $63 and resistance between $65 and $66, indicating a wait-and-see approach for further market direction [7]