**Latest Gold Market Trend Analysis:**

On August 29th, gold market analysis: On Friday, spot gold traded near $3,415.22 per ounce. Gold prices reached a five-week high on Thursday, supported by a weaker U.S. dollar, renewed Middle East geopolitical tensions, and ongoing investor concerns about Federal Reserve independence, driving safe-haven capital inflows. Gold prices touched a five-week high on Thursday, aided by dollar weakness and persistent investor worries about Fed independence, prompting safe-haven flows. Spot gold rose 0.6% to $3,416.14 per ounce, reaching its highest level since July 23rd. December delivery U.S. gold futures settled at $3,466.10.

Independent metals trader Tai Wong stated: "Gold has quietly and steadily climbed over the past week or so, partly due to growing concerns about Federal Reserve independence. Trump's pressure has raised concerns that the Federal Open Market Committee (FOMC) might cut rates faster and maintain lower rates for longer periods, which is favorable for gold prices."

**Gold Technical Analysis:** From current market perspective, the mainstream pattern remains within a broad-range consolidation phase, now in its fifth month of the year. As the consolidation cycle extends, the operational space for smaller timeframes continues to narrow, indicating a potential upcoming trend selection phase. Short-term trading during this transition period will inevitably present deceptive signals, making strict risk management crucial for operations.

Looking at short-term market performance, we're currently in a bullish rebound phase from the double bottom formation at 3310/3320. Previously, after the first confirmation of 3310 support, prices pulled back to 3352; following the second consolidation at 3321 support, prices surged above 3370. The first three days of this week showed a bullish consolidation pattern, with the third test confirming 3351 support, followed by repeated consolidation cycles around the 3360/3370 support zone. The characteristic pattern shows that while time progresses, lows remain unbroken with highs gradually lifting, maintaining a bullish oscillation rhythm.

For today's session, yesterday's daytime consolidation repeatedly confirmed 3373 support before evening's surge stabilized above 3390. This morning saw quick confirmation of resistance below 3400 followed by pressure. From a timing perspective, daytime trading should consider consolidation adjustment needs. Given that each support confirmation rebound has limited scope, maintaining effective bullish rhythm requires careful consideration of consolidation adjustment cycles and magnitude.

Regarding spatial analysis, yesterday's top-to-bottom conversion support lies around 3385 (coinciding with current four-hour chart moving average support area), while the Bollinger Band middle rail sits at 3380 (aligning with 3365/3375 support zone). For optimal correction, Asian session should face pressure at higher levels, with European session defending the 3380/3385 support band through consolidation, before U.S. session achieves another breakout above 3400 for bulls to capture another stronghold.

Overall, today's gold short-term trading strategy recommends primarily buying on dips with secondary focus on selling rallies. Upper resistance targets 3430-3440 area, while lower support focuses on 3400-3390 zone.

**Latest Crude Oil Market Trend Analysis:**

Oil market analysis: During Thursday's European and U.S. sessions, Brent crude futures fell 0.46% to $67.74 per barrel; West Texas Intermediate (WTI) declined 0.56% to $63.79 per barrel, ending the previous day's gains. Energy Information Administration (EIA) data showed U.S. crude inventories decreased by 2.4 million barrels for the week ending August 22nd, exceeding market expectations of a 1.9 million barrel decline. While this data should reflect fuel demand resilience, markets widely worry that post-Labor Day, the end of U.S. driving season will lead to seasonal fuel demand weakness.

Current trends show mixed oil price factors: inventory declines and geopolitical tensions provide support, while U.S. demand entering seasonal lows and India facing tariff pressures limit upside potential. Short-term, markets may maintain $60-65 range oscillation, with future direction largely dependent on Federal Reserve rate decisions and India's specific energy policy responses.

**Oil Technical Analysis:** Oil failed to continue Wednesday's upward momentum, showing consolidation decline with daily highs at 64.7, lows at 63.1, and daily close at 63.2 in red. Despite the decline, chart patterns suggest potential rebounds with upper resistance around 65. Four-hour charts show range-bound oscillation with downside targets at 63 and 62. Hourly charts indicate oscillating decline but short-term rebound potential, with upper resistance at 64 and 65.

From daily chart perspective, WTI crude forms stage support near $63, but faces clear pressure in the $65-66 range. Technical indicators show short-term moving averages flattening, MACD momentum bars narrowing, and RSI maintaining neutral territory, indicating market lacks clear direction. Effective breakthrough above $66 could target $68, but breaking below $63 support might retest $60 levels. Overall pattern shows range-bound oscillation awaiting further fundamental guidance.

Comprehensive analysis suggests today's oil trading strategy should primarily focus on buying dips with secondary emphasis on selling rallies. Upper resistance targets 66.0-67.0 area, while lower support focuses on 63.0-62.0 zone.