Core Viewpoint - The article discusses the recent fluctuations in gold prices, influenced by a strong US dollar and various economic indicators, suggesting a potential for further upward movement in gold prices despite short-term adjustments [1][3][4]. Market Performance - On September 25, gold prices opened at $3735.78 per ounce, reached a high of $3761.31, and a low of $3722.16, ultimately closing at $3749.12, marking a daily increase of $13.34 or 0.36% [1]. - The gold price is currently supported by buying interest despite a strong US dollar, which has recently rebounded, creating downward pressure on gold [3][4]. Economic Indicators - Upcoming data releases, including the US Core PCE Price Index and the University of Michigan Consumer Sentiment Index, are expected to impact gold prices, with a likelihood of better-than-previous results potentially leading to lower gold prices [4][5]. - The Federal Reserve officials' speeches may also influence market sentiment, with indications of potential interest rate cuts supporting gold prices [5]. Technical Analysis - The gold price has tested the mid-line support multiple times since last year, indicating a persistent upward trend despite short-term corrections [7]. - Current technical indicators suggest that while there may be short-term adjustments, the overall bullish trend remains intact, with opportunities to enter long positions near key moving averages [9].

Core Viewpoint - The international gold price experienced a short-term profit-taking adjustment, with potential bullish opportunities remaining as it approaches support levels [1][3]. Price Movement - On September 24, gold opened at $3764.85 per ounce, reached a high of $3779.02, and then fell to a low of $3717.61, closing at $3735.87, marking a daily decline of $28.98 or 0.77% [1]. - The price volatility for the day was $61.41 [1]. Market Influences - Factors such as U.S. Treasury Secretary's comments on interest rate cuts, geopolitical developments, and a U.S.-EU tariff agreement contributed to a decrease in market risk appetite, negatively impacting gold prices [3]. - The dollar index showed strength, which is expected to exert downward pressure on gold prices unless gold can close above the key resistance level of $3780 [3][5]. Technical Analysis - The gold price remains above the 5-10 day moving averages, indicating a potential for upward movement despite short-term adjustments [7]. - Key support levels for gold are identified at $3730 and $3710, while resistance levels are at $3775 and $3800 [7]. Upcoming Economic Data - Market participants are advised to monitor upcoming U.S. economic data, including initial jobless claims and core PCE price index, which may influence gold prices [5].