**International Gold and Silver Market Analysis**

On August 15th, during Thursday's (August 14th) US trading session, the evening release of initial jobless claims data was bearish for gold. The US July PPI annual rate came in at 3.3%, significantly exceeding market expectations of 2.5% and marking the highest level since February. The US July PPI monthly rate recorded 0.9%, representing the largest increase since June 2022. Spot gold faced resistance on the upside, with gold prices experiencing a sharp decline and breaking below the $2,450 level, currently extending losses to touch $2,440. COMEX gold futures fell below $2,500, down 0.30% for the day. Gold prices encountered selling pressure after reaching a three-day high near $2,475, with today's price action showing a pullback amid risk-on sentiment, forming an "inverted V-shaped reversal."

From the 4-hour gold chart perspective, this week's gold price has shown signs of a rebound after testing support around the $2,440 level. The MACD indicator's dual lines have also generated a golden cross signal, suggesting that the subsequent rebound trend may continue further. However, the $2,500 level above represents long-term resistance, so aggressive breakout trading should be approached with caution. Intraday attention should be paid to the support strength of the MA5 and MA10 moving averages.

Based on the comprehensive technical analysis and fundamental interpretation above, gold is expected to trade in a wide range, with a strategy of selling high and buying low recommended. Support levels to watch below are $2,430-$2,425, while resistance levels above are $2,475-$2,480.