Core Viewpoint - The article discusses the recent fluctuations in gold prices, highlighting a peak at 3703 before a drop to around 3674, indicating a volatile market environment and potential trading strategies [3]. Group 1: Market Analysis - Gold reached a historical high of 3703 before declining by 30 points to 3674, suggesting a volatile trading environment [3]. - The market is currently experiencing a phase where short sellers may find opportunities, particularly for those betting against prices above 3676 [3]. - The upcoming Federal Reserve meeting on September 18 is anticipated to influence market sentiment, especially regarding interest rate decisions [3][4]. Group 2: Interest Rate Predictions - Current predictions for interest rates indicate a high probability of a 25 basis point cut, aligning with market expectations [4]. - The likelihood of various interest rate scenarios is outlined, with a 96.1% chance of maintaining the current rate of 4.25%-4.50% on September 18 [4]. - Future interest rate paths will be crucial for gold prices, with a neutral to hawkish stance potentially being bearish for gold, while a dovish outlook could support price increases [4]. Group 3: Trading Strategies - The article suggests that a price adjustment of 50-70 points could present buying opportunities for traders, particularly as the market approaches the fiscal year-end [5]. - Short-term indicators show a bearish trend for both gold and silver, with significant downward pressure observed [5][6]. - The current support level for gold is at the Bollinger middle band of 3665; failure to hold this level could lead to further declines [6].