Group 1: Gold Market Analysis - Gold prices are currently stabilizing above $3,650 after reaching a record high of $3,707.35, with a slight decline of 0.8% to $3,659.79 per ounce following the Federal Reserve's interest rate cut [2][3] - The Federal Reserve's dovish stance supports non-yielding assets like gold, but a rebound in the dollar limits further price increases [2] - Year-to-date, gold has risen by 39%, with a monthly increase of over 6%, but market reactions to Fed Chairman Jerome Powell's comments have led to profit-taking among investors [2][3] Group 2: Technical Analysis of Gold - The bullish trend for gold remains intact, but there are risks of adjustments in the medium term, suggesting traders should wait for pullbacks to enter long positions [3][5] - Key support levels for gold are identified at $3,620 and $3,635, with resistance levels at $3,675, $3,690, and $3,710 [5] - The market is expected to experience a range-bound adjustment, with a focus on maintaining positions around critical support levels [5] Group 3: Oil Market Analysis - International oil prices are stable, with Brent crude at $67.87 per barrel and WTI at $63.95, influenced by the Fed's rate cut which raises demand expectations [6] - Despite the Fed's easing policy, an unexpected increase in U.S. refined oil inventories indicates fluctuations in downstream demand [6] - The oil market is balancing between supportive monetary policy and inventory pressures, with global demand showing moderate growth but significant regional differences [6] Group 4: Technical Analysis of Oil - The oil market is currently in a weak consolidation phase, with short-term trends indicating a potential for upward recovery after recent declines [7] - Key resistance levels for oil are set at $65.0 to $66.0, while support levels are identified at $62.5 to $61.5 [7] - The MACD indicator suggests increasing bearish momentum, but there is still potential for a recovery towards the main upward trend [7]

Market Overview - The market experienced a significant decline on Tuesday, closing at 3858.13 points with a trading volume of 28.75 billion, while foreign capital accounted for 3.67 billion [1] - The technology sector, including communications and components, saw substantial losses, while banking, small metals, and seed industries performed relatively well [1] Market Sentiment - The current market trend is identified as a bull market, with expectations for increasing trading volumes in the future, indicating that current adjustments are not alarming [3] - September is anticipated to be a month of increased volatility, as previously discussed in recent analyses [3] Technical Analysis - The market is expected to follow an ABC pattern, with the C wave approaching the 20-day moving average around 2765, suggesting potential fluctuations around this level [5] - Key support is identified at 3820 points and resistance at 3885 points, indicating a continued volatile trading environment [5] Trend Analysis - The market is characterized by a strong upward trend despite the volatility, with the 20-day moving average serving as a critical support level [6] - The current adjustments are viewed as healthy corrections within the overall bull market trend, allowing for the release of pressure without triggering significant downturns [7] Investment Strategy - Investors are advised to maintain their positions in high-quality stocks while utilizing a phased selling strategy for high-position stocks, selling portions as specific criteria are met [7] - For lower-position stocks that have not accelerated, a focus on future growth is recommended, with an understanding of the current market fluctuations [8]

Core Viewpoint - Palm oil futures have shown a downward trend, currently priced at 9522.00 yuan/ton, reflecting a decrease of 0.96% [1] Inventory and Export Data - As of August 22, 2025, the commercial inventory of palm oil in key regions of China stands at 582,100 tons, a decrease of 35,200 tons from the previous week, representing a reduction of 5.70% [2] - Year-on-year, the inventory has decreased by 15,800 tons from 597,900 tons, a decline of 2.65% [2] - Malaysian palm oil exports from August 1 to 25 have increased by 10.9% compared to the same period last month [2] - Amspec reported that Malaysia's palm oil exports during the same period reached 1,065,005 tons, up 16.4% from 914,924 tons in the previous month [2] Market Analysis - Copper Crown Jin Yuan Futures noted that macroeconomic sentiment regarding interest rate cuts has cooled, with attention on the U.S. July core PCE data, while the dollar index has recovered some losses [3] - The firm highlighted that Malaysian palm oil production has seen moderate growth, but export growth has slowed, potentially suppressing demand due to high prices [3] - Domestic soybean crushing rates are high, leading to increased soybean oil inventories, while both canola oil and palm oil inventories have declined [3] - Overall, the market is expected to experience limited driving forces, with palm oil likely to undergo short-term fluctuations [3] - Donghai Futures indicated that the palm oil production cycle is not characterized by significant supply-demand imbalances, and there are no immediate policy-driven consumption expectations, suggesting a potential for market consolidation [3]

Group 1 - The core viewpoint indicates that gold is experiencing strong support, maintaining a bullish trend, while silver may enter a period of consolidation, with a psychological level becoming a focal point for competition [1] Group 2 - Gold's bullish pattern is reinforced by solid support levels, suggesting continued investor confidence [1] - Silver is anticipated to undergo fluctuations, indicating potential volatility in the market as it approaches critical psychological thresholds [1]