9.9 Selected Strategy Analysis: Strong Gold, Oil Consolidation, Euro Breakthrough and Nasdaq Observation

The Federal Reserve's rate cut in September has become a certainty, and the market is eagerly awaiting this Thursday's inflation data to assess whether the Fed will significantly cut rates by 50 basis points. Currently, the market remains optimistic amid stagflation risks and rate cut expectations, with the fear index declining for four consecutive days. However, the ongoing decline in the 10-year U.S. Treasury yield and the dollar actually highlights the increasing risk of recession, and investors need to be wary of the “buy the expectation, sell the fact” market. Today's focus is on the U.S. Bureau of Labor Statistics' annual non-farm payroll benchmark revision data.

Gold: Breaks historical high, expected to challenge 3700

Gold surged 1.39% on Monday, reaching a high of $3646, setting a new historical record. Although the RSI has entered the overbought zone, it is not advisable to easily go short in a strong trend, follow the time points around September 19.

As long as the gold price remains above $3580, it is expected to continue to attack the $3720-$3760 area. To reverse the upward trend, it must first fall below the $3580 support.

Support Levels: 3580, 3500, 3400 Resistance Levels: 3720, 3760, 3870

WTI Crude Oil: Range consolidation, follow 60 USD support

WTI crude oil rebounded 0.79% on Monday, halting a three-day decline. Although it has been in a downtrend since June, there is strong support in the 60.0-61.5 range, and the downside potential is expected to be limited in the short term, possibly consolidating around the Bollinger Bands.

If crude oil holds above the $60 mark, it is expected to rebound and challenge $65.0 or even $70. However, if it falls below $60.0, the downside potential may further open up, and the market trend around September 11 needs to be closely followed.

Support levels: 61.0, 56.0, 52.0 Resistance levels: 65.0, 70.0, 76.0

Euro/USD: Breaks Resistance, Aiming for the 1.2 Level

The euro/USD rose 0.39% on Monday, reaching a high of 1.1765. Successfully breaking through the resistance level of 1.1730 suggests further upward potential.

If the euro stays above 1.1730, it is expected to continue to push towards 1.1930 or even challenge the 1.2 round number. To reverse the current uptrend, it needs to first break below the 1.1470 support.

Support levels: 1.1600, 1.1550, 1.1470 Resistance Levels: 1.1800, 1.2000, 1.2120

NASDAQ 100: Weak Upward Momentum, Follow the Gains and Losses of 23000 Points

The Nasdaq 100 rose slightly by 0.55% on Monday, but is still constrained by the resistance at 24000 points. The index is currently maintaining above the upward trend line, but has shown signs of weakening momentum. Pay close attention to the gains and losses at 23000 points; if it falls below, it may trigger further adjustments.

If it can effectively break through the 24000 points, the market is expected to push towards 24700 points or even 25600 points. However, if it falls below 23000 points, the scale of adjustment may expand, opening up downward space.

Support levels: 23000, 22600, 22000 Resistance levels: 24000, 24700, 25600

This article represents personal views only and should not be considered as any investment basis. Please consult an independent financial advisor before investing to ensure you understand the risks. Contracts for difference are leveraged products and may result in the loss of all funds; please invest cautiously.