The international market outlook is expected to fall below $1775
On September 10, international gold prices continued to rebound, and the US dollar index fell. However, the price of gold has fallen by more than 1.3% this week, and the market outlook is expected to fall below $1,775. The timetable for the Fed to start scaling back its stimulus measures is full of uncertainty.

On Friday (September 10), international gold prices continued to rebound, and the US dollar index fell. However, the price of gold has fallen by more than 1.3% this week, and the market outlook is expected to fall below $1,775. The timetable for the Fed to start scaling back its stimulus measures is full of uncertainty.
GMT+8 13:51, spot gold rose 0.46% to 1802.79 US dollars per ounce; the main COMEX gold contract rose 0.27% to 1804.8 US dollars per ounce; the US dollar index fell 0.04% to 92.486.
Fed Governor Bowman joined a growing camp of policymakers on Thursday (September 9). The camp believes that the weak August employment report will not cause the Fed to abandon its plan to reduce the size of monthly bond purchases by $120 billion later this year.
But Chicago Fed President Evans said on Thursday that the US economy "has not been out of the predicament." Despite strong economic growth and the hope of vaccines, challenges including supply chain and labor market bottlenecks still exist.
Data released on Thursday showed that the number of initial jobless claims in the United States fell to the lowest in nearly 18 months last week, which provides more evidence that employment growth is hindered by labor shortages, not because of the cooling demand for workers.
On the hourly chart, the price of gold started to rebound from US$1782 to wave b, but wave b is expected to end at any time and start the downward trend of wave c. Wave b is a sub-wave of the downward (ii) wave that started at $1834. Spot gold prices are expected to fall below the (i) wave (1680-1834 US dollars) 38.2% retracement level of 1775 US dollars, and further fall to the 50% retracement level of 1757 US dollars. The (i) wave and (ii) wave are sub-waves of the upward wave ((i)) that started at $1680.
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