Next week's gold trend outlook

Geopolitical support remains, range fluctuations await a breakout

Currently, gold maintains its strength relying on geopolitical risk aversion, with prices consolidating in a high range, and the short-term bulls and bears enter a critical game of chance.

On the news front, the situation in the Strait of Hormuz continues to disturb the market, combined with rising oil prices pushing up inflation expectations, providing temporary support for gold prices; at the same time, the market is cautiously awaiting key data guidance, with both bulls and bears remaining prudent.

From a technical perspective, the short-term maintains a fluctuating structure, focusing on the support area below and resistance suppression above, treating it with a range mindset until an effective breakout occurs.

Monday's opening prediction:

The overall news front is stable over the weekend, and the probability of a flat or slightly higher opening on Monday is quite high, with an overall trend leaning towards fluctuations in favor of the bulls; chasing highs is not recommended, and the focus should be on establishing positions after a pullback. #美国“无王”抗议 #全球市场波动 #黄金 $BTC $BNB $XAU