Next week's gold market outlook
This week, gold has entered a recovery phase after a significant decline, showing overall low-level fluctuations and rebounds. The 4-hour moving averages are gradually flattening, and the market is in a phase of directional selection.
From the perspective of news, fluctuations are expected to be significant next week: the U.S. has announced that the U.S.-Iran conflict is basically over, leading to a short-term cooling of risk aversion; Iran continues to strike at Israel, and the situation still has the potential for reversals; Russia has announced a ban on gasoline exports for one quarter, leading to an increase in inflation expectations. The intertwining of bullish and bearish factors suggests that next week's market is likely to remain high volatility + repeated fluctuations.
Structurally, we should focus on the key resistance area of 4495-4520 above and the key support area of 4370-4400 below. The current price is operating in the middle of the range, still belonging to a fluctuating recovery structure.
Therefore, no early predictions will be made for next week; the focus will be on following breakthroughs: stabilizing above 4500 will indicate a continuation of the rebound; breaking below 4400 may lead to a further weakening of the market.
In terms of operations, one thing has already been validated this week—trying to catch high points and low points in such a market will basically lead to being swept away. Therefore, less ambushing and more confirmation; less subjectivity and more following; primarily following the trend, with fluctuations as a supplement.
$XAU
