Next week's prediction for small yellow croaker:

This week, gold staged a thrilling V-shaped reversal, with intense long and short battles leading to a significant recovery in market sentiment. At the beginning of the week, panic selling hit, causing gold prices to drop to 4098, refreshing a four-month low, with nearly all year-to-date gains erased. Fortunately, the 4100 level provided strong support, and bottom-fishing funds decisively entered the market to prop up prices, driving a strong rebound in gold, with a nearly 3% increase on Friday alone, closing firmly around 4495. The weekly chart recorded a long lower shadow doji, clearly signaling a stop to the decline and stabilization, although there remains strong resistance in the 4600-4630 range, and the market is likely to maintain a volatile trend in the short term.

Next week, gold will face a super week packed with significant events, which may further intensify market volatility. On Monday, Federal Reserve Chairman Powell's speech will directly influence market interest rate expectations, and discussions at the G7 meeting regarding oil reserves will also trigger fluctuations in oil prices, which will in turn affect gold prices; on Friday, the U.S. March non-farm payroll data will be released, testing economic resilience and becoming a key basis for pricing June rate hike expectations, thus influencing the direction of gold.

From an overall perspective, the mid-term bearish trend in gold has not completely reversed, but the short-term downward momentum has significantly weakened, and it is currently in a phase of stabilizing and repairing. Opportunities for a phase-specific rebound are gradually emerging. Currently, gold prices have stabilized at the core support level of 4450-4460, which is a crucial defensive line for this round of rebound; maintaining this position could extend the rebound. The first rebound target above looks towards the 4600-4800 range; if the rebound momentum continues to strengthen, it could push further up, while also needing to be wary of strong pressure in the 5100-5200 zone.

Positions can be arranged around 4450-4465, targeting around 5120-5230. #黄金