Core Viewpoint - Gold experienced a significant rebound after a sharp decline last week, surging by $30 and breaking through the $3700 level, aiming for historical highs [1][5][9]. Market Performance - After last week's drop, gold managed to recover its losses and is now in a strong upward trend [3][9]. - The price broke the $3700 mark, with targets set towards $3750, indicating a bullish sentiment [5][6]. - A potential adjustment is anticipated, with key support levels at $3700 and $3662 [7][9]. Influencing Factors - The market is reacting to the prevailing sentiment of potential interest rate cuts by the Federal Reserve, which has led to a depreciation of the dollar and subsequently boosted gold prices [10][11]. - Unexpected statements from Federal Reserve Chairman Jerome Powell regarding interest rate management have created volatility, but a significant drop in unemployment claims has reinforced expectations for two rate cuts within the year [11]. Upcoming Economic Indicators - The U.S. government faces risks of a shutdown, alongside a looming debt crisis, which could impact market stability [12][13]. - Key economic indicators such as the revised Q2 GDP data and PMI will be crucial in assessing economic strength and could influence stock and currency markets [12]. - The August PCE price index will be closely monitored as it remains a reference for Federal Reserve policy, particularly in light of tariffs affecting inflation [12]. Investment Strategy - Investors are advised to focus on entry and exit points to maximize profits, emphasizing the importance of experience and practical application in trading [12]. - A well-managed risk approach is essential for achieving optimal returns, with recommendations to follow experienced traders for better accuracy [12].