**Latest Gold Market Trend Analysis:**
On August 25th, gold market update: During Monday's early Asian session, spot gold experienced minor volatility and decline, currently trading around $2,362.21 per ounce. Gold surged 1% on Friday, reaching a two-week high of $2,378.69 per ounce intraday before closing at $2,371.78 per ounce. This rally was driven by Federal Reserve Chair Powell's speech at the annual Jackson Hole central bank symposium, which acted like timely rain, extinguishing market inflation concerns while igniting investor expectations for September rate cuts. The simultaneous dollar decline further amplified gold's appeal, as the dollar index plummeted 0.96% to 101.66 points during the session, enabling investors holding other currencies to purchase gold at lower costs. Powell's dovish statements were clearly viewed as positive signals, with recent gold weakness presenting an excellent buying opportunity, and gold is expected to continue its upward trajectory. This not only drove gold's strong rebound but also caused significant dollar weakness, ushering in a new bullish wave in the gold market. Despite subdued Asian physical demand, both Wall Street professional analysts and retail investors remain confident about gold's prospects.
**Gold Technical Analysis:** Gold rebounded from Friday's lows and broke through the $2,350 level. Technically, the current downtrend has shifted from oscillating decline to upward movement under news influence. Friday's rebound exceeded our expectations, and the daily chart shows signs of a V-shaped recovery. Friday's bottom-fishing rebound directly limited the scope of market correction, making today another low-buy opportunity with expectations of continued bottom-fishing rebounds and closing in the green. Today's gold opened lower and declined quickly, breaking below $2,370, but there's still some distance from our weekend analysis of the $2,350 support zone. With the dollar index in a technical rebound state, gold prices won't recover rapidly. Short-term resistance levels are referenced at $2,385 and $2,400, with support zones at $2,350-40.
From a 4-hour analysis perspective, the primary support lies at the previous key resistance zone of $2,348-2,350, which is expected to serve as the bulls' first line of defense. Even if there's a brief break below during the session, it would be viewed as short-term technical adjustment. The core resistance above focuses on the $2,400 round number, and whether this level is breached will determine if bulls can open higher space and achieve trend continuation. The 1-hour moving average continues in a bullish golden cross arrangement upward, with 1-hour upward momentum remaining. After gold's breakout, there was no rapid spike and retreat at high levels, indicating bulls have basically stabilized at high levels. Gold's short-term support is around $2,350. If the early session pulls back to near $2,350 support, given Friday's strong bullish breakout and continued short-term bullish momentum, pullbacks provide continued buying opportunities. Overall, today's gold short-term operation strategy suggests primarily buying on dips with secondary selling on rebounds. Focus on $2,380-2,390 resistance above and $2,350-2,340 support below.
**Latest Oil Market Trend Analysis:**
Oil market update: After recording nearly 3% gains last week, oil prices maintained stability at the start of this week. Brent crude hovers around $68 per barrel, while WTI stays above $63. Market focus centers on supply tightening risks and Federal Reserve policy expectations' impact on risk assets. Escalating friction between the US and India has heightened market concerns. The US threatens to raise tariffs on all Indian imports from 25% to 50% in retaliation for continued Russian oil purchases. Despite this, Indian diplomatic sources indicate local refineries will continue buying Moscow's crude, showing their energy supply strategy won't change easily. Overall, markets will continue being dominated by policy and geopolitical factors rather than pure supply-demand structures in the short term. Fed rate cut expectations provide downside protection for oil prices, but OPEC+ production increase plans and potential demand weakness keep medium-term trends under pressure.
**Oil Technical Analysis:** From the daily chart perspective, after consecutive bearish candle closures, oil formed a narrow-range bottom base with prices gradually crossing above smaller timeframe moving averages, though still suppressed overall with medium-term subjective trends downward. From momentum perspective, MACD indicators formed a golden cross below the zero axis, suggesting weakening downward momentum signals, with oil's medium-term trend likely maintaining higher downward probability. Oil's short-term (1H) trend showed a deep pullback that ultimately found support and resumed upward movement to new highs, touching near $63.70. The moving average system supports oil prices upward with short-term objective trend direction upward. Early morning oil prices consolidated in narrow ranges at high levels, with intraday oil trends expected to continue upward rhythm primarily. Overall, today's oil operation strategy suggests primarily buying on dips with secondary selling on rallies. Focus on $65.0-66.0 resistance above and $62.5-61.5 support below short-term.