Goat's Small Yellow Fish Outlook for Next Week:

This week, gold experienced a thrilling V-shaped reversal, and after intense back-and-forth trading, market sentiment has clearly improved. At the beginning of the week, panic selling caused gold prices to drop to 4098, hitting a four-month low, effectively wiping out the gains for the year. Fortunately, the support at the 4100 level was strong, with bottom-fishing funds entering the market to provide support, pushing gold prices to rebound strongly, with a nearly 3% increase on Friday, closing around 4495. The weekly chart showed a long lower shadow doji, indicating a clear signal of stabilization. However, there remains strong resistance around the 4600-4630 range, and short-term fluctuations are likely to dominate.

Next week, gold will encounter a super week packed with significant data and events, which is expected to further amplify 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 drive oil price fluctuations, indirectly affecting gold trends. On Friday, the important U.S. non-farm payroll data for March will be released, testing current economic resilience and becoming a key factor in pricing in the June interest rate hike expectations, directly impacting gold trends.

Overall, the medium-term bearish trend for gold has not completely reversed, but the downward momentum has significantly weakened in the short term, currently in a phase of stabilization and repair, with opportunities for a phase-rebound 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. As long as this range is maintained, the rebound trend is expected to continue. The first rebound target above is seen in the 4600-4800 range; if the rebound momentum continues to strengthen, we can look further upward, while also being cautious of the strong resistance in the 5100-5200 range.

In terms of operations, one can position long positions near the 4450-4465 area, targeting around 5120-5230. #美国“无王”抗议 $BTC