A research report by China Securities Co.,Ltd. points out that the recent anticipation of a rate cut by the Fed in September has heated up, leading to gold breaking through $2500. A rate cut is favorable for gold prices, but the market has already traded quite fully. Instead, there may be a risk of 'buying expectations, selling facts.' Gold is somewhat overbought at the current $2500 position, and it is suggested for short-term high-level swing trading, with the fluctuation range between $2300-2500. There is limited room for further increase by the end of the year.
中信建投：黄金短期建议高位波段交易，2300-2500美元区间震荡
China Securities Co.,Ltd. suggests short-term high-level swing trading in gold, oscillating in the range of $2300-2500.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.