Group 1 - The market is focused on the upcoming U.S. August Core PCE Price Index, a key inflation measure closely monitored by the Federal Reserve, with expectations of a month-on-month increase of 0.3% and a year-on-year rise to 2.7% [2] - Analysts warn that gold faces significant short-term challenges if the PCE data exceeds expectations, which could support the view that the Federal Reserve needs to maintain high interest rates, leading to a stronger dollar and downward pressure on gold [2] - Conversely, if the PCE data shows a moderate trend or falls short of expectations, it could strengthen market expectations for interest rate cuts, providing strong momentum for gold prices to break out of the current range and initiate an upward trend [2] Group 2 - On the trading day, gold opened at $3736.1, experienced a downward trend to $3729.7, then rebounded, reaching a high of $3761.5 during the European session before dropping to a low of $3722 [3] - Despite some rebound near the close, gold ultimately settled at $3749, forming a spinning top candlestick pattern on the daily chart, indicating potential stabilization in the adjustment phase [3] - Key support is noted at $3730, while the target price for upward movement is set at $3785 [3]