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August gold rally continued in July , 1431 gold hit a high near back above 1400 ; silver is bottoming out in mid-August, the low trading range break , out of a wave of unilateral rise up on the probe to 4977 . September silver can continue to rebound , we prove the following five reasons gold will continue to rebound.

First, enter in September , gold is about to usher in the shopping season. Three or four quarters of each year is the traditional peak season of consumption of gold in India is a big consumer of gold , gold is the main Indian wedding dowry , as do each of eight months late , India into the auspicious period to the end of November, Diwali , which time is India's gold consumption season . And China in September , will celebrate the Mid-Autumn Festival in October , the National Day will stimulate consumer demand for gold is bound to push up gold demand to rise , therefore, from the current form, the medium-term trend for gold remains positive .

Second , the author in the statistics for the past 10 years, the trend in gold , gold prices appear to rise in September accounted for eight years , but there is huge candle probability is relatively large, the price of gold in September 's performance but also better than the other months . Gold rose in September, so the larger the probability .

Third, the focus of the market situation in Syria in September , which is a factor to be reckoned with , will continue to be escalating tensions in Syria . Currently the development of the situation in Syria , there are three possibilities: 1 ) the U.S. alone implement a symbolic blow ; 2 ) U.S. instigated some European allies , Syria, Turkey and the Persian Gulf countries implement long intensive air strikes ; 3 ) first by the U.S. implementation of the short-term intensive type bombing weaken Syria army forces , followed by Turkey , the Arab States army " to come forward ." Either way , only the war broke out , gold will inevitably surge.

Fourth, another focus of the market in September , the United States will withdraw QE policy , the decision by the two o'clock , the first sustained and rapid growth of the U.S. economy , the U.S. unemployment rate is reduced this to 6.5% . Goldman Sachs on Friday ( August 30 ) a further drop in the United States in the third quarter gross domestic product (GDP) growth is expected , this has been the second time this week that institution cut U.S. economic growth is expected , and highlights its pessimistic view of the U.S. economic outlook . Goldman Sachs said the United States had released July personal income and spending data conditions are worse than expected , showing the overall economic situation may not be so optimistic to imagine all walks of life , and thus , the line of the United States in 2013 three quarters of GDP growth from the original pre- estimated 1.7 % down to 1.5%. The U.S. second quarter GDP growth has been lower than the expected value of 2% , the U.S. economic recovery is still not optimistic.

From the last six months of U.S. payrolls data , the U.S. non-farm payrolls are higher than 7% , much higher than 6.5% , but employment growth did not exceed the number of people 20w , no sustained improvement in the phenomenon , we believe that non-farm payrolls data difficult month More than 20w, QE reduction schedule deferred ; Summary market expectations the Fed is unlikely to reduce QE will boost gold and silver prices.

Fifth, from a technical analysis , gold is currently in the first four waves callback , September centerline will take the first five waves of the rising and breaking the previous high of 1431 on , is expected on the probe to 1460-80 , 1480 on the break even is expected , then ushered in a wave of long-term go empty again , the current retracement look around 1350-60 , this wave is expected to reach 5 waves rose above $ 120 .

Overview , from the macro aspects and technical perspective, the probability of a large bullish September.