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Spot gold: Range-bound fluctuations, sell on rallies and buy on dips

Spot gold: Range-bound fluctuations, sell on rallies and buy on dips

智通财经智通财经2026/09/08 02:16
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(1) Analysis: Due to the U.S. non-farm payroll data exceeding expectations, the market has increased its bets on a rate hike in September, causing gold to come under pressure and fall back to around $4,400. With both the U.S. PPI and CPI being released this week, the market is waiting to choose a direction after the data is announced. In the medium term, prices are still above the upward trendline, so it's important to wait for stabilization near the trendline before deciding on the next move. For now, maintain a range-bound view during the day.(2) Key points to watch: U.S. Treasury yields, U.S. Dollar Index, geopolitical situation, U.S. CPI.(3) Resistance: 4,450, 4,500, 4,520.(4) Support: 4,400, 4,350, 4,300.
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