EUR/USD
Trend Theme：EUR/USD pulls back, unable to hold 1.1000.
Trend Review：EUR/USD trimmed recent gains and slipped back from the 1.1000 handle on Tuesday as markets continue to digest a recent rebalancing in FX market flows. Investors have recovered their footing and resumed betting on an uptick in the pace of rate cuts from the Federal Reserve beginning in September.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.09294 * | 1.09318 ** | 1.09375 *** |
| 1.09261 | Support* | 1.09237 * | 1.09204 ** | 1.09147 *** |
Weekly forecast：
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GBP/USD
Trend Theme：GBP/USD rebounds from multi-week lows, trades above 1.2700..
Trend Review：GBP/USD backslid nearly a full percent on Tuesday as the Pound Sterling continues to deflate against the broader FX market. The US Dollar found a soft patch as markets pivot back into a risk-on stance fueled by ongoing hopes for a September rate cut from the Federal Reserve, but a rapidly-depreciating GBP sent Cable into fresh five-week lows just south of 1.2700.
Today Advise：Neutral
Key Levels：
| PP | Resistance* | 1.26936 * | 1.26972 ** | 1.2707 *** |
| 1.26874 | Support* | 1.26838 * | 1.26776 ** | 1.26678 *** |
Weekly forecast：
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WTI
Trend Theme：Iran is caught in a dilemma, EIA lowers its price forecast, and oil prices fall for four consecutive days.
Trend Review：Oil prices continued their weak trend on Tuesday, failing to move away from the nearly six-month low hit on Monday. Although financial markets have recovered from the recent downturn, the EIA monthly report lowered price expectations, and Iran was struggling between retaliation or restraint. Concerns about the geopolitical situation eased, but falling production in Libya still provided some support for oil prices.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 72.536 * | 72.612 ** | 72.792 *** |
| 72.432 | Support* | 72.356 * | 72.252 * | 72.072 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price approaches weekly low, 50-day SMA pivotal support.
Trend Review：Gold price trades with a negative bias during the Asian session on Wednesday. A stable performance around the equity markets and a modest USD uptick exert pressure on the XAU/USD. Bets for a 50-bps rate cut by the Fed in September and concerns about the global economic outlook should help limit losses for the metal.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 2384.7 * | 2387.17 ** | 2391.46 *** |
| 2382.88 | Support* | 2380.41 * | 2378.59 ** | 2374.3 *** |
Weekly forecast：
