The gold price trend prediction for next week

After a significant pullback in this round, the downward momentum of gold has clearly slowed down. The shorts have stabilized and rebounded in the densely populated area between 4300-4350, and the profit-taking and stop-loss positions below have basically been cleared. The current market has officially entered a phase of stabilization and recovery.

The trend next week is crucial and will determine whether this round of rebound can continue. The medium-term trend remains weak, but the short-term downward momentum has significantly weakened, and prices have rapidly rebounded from the lows, representing a typical stabilization and recovery market rather than a new round of downward signals.

Currently, the gold price has stabilized in the support range of 4450-4460. As long as this position is effectively defended, the rebound space will further open up. There are multiple gap pressures in the range of 4600-4800, which is the first target area for this round of rebound; further up, it faces resistance from the downward trend line and the strong resistance zone of 5100-5200, which will significantly limit the upward space.

Operational strategy reference

If it stabilizes above 4450, one can look for a continuation of the rebound, initially targeting the 4600-4650 area. If the rebound momentum is sufficient, one can further look towards 4700-4800.

If it tests support near 4450 and stabilizes, there will still be opportunities for a rebound, as long as it does not fall below 4300, the overall rebound structure remains unchanged.

If it effectively breaks below 4300, it means that the downward trend has not ended, and the gold price will continue to explore lower levels. Currently, this possibility seems low. #黄金