Review of this week's gold trend: On Monday, the opening price continued to decline.

Gold prices were pressured and retreated from the 4540 level, continuously breaking below the key support of 4400. Throughout the day, the decline exceeded $300, with a low of around 4191. After hitting bottom, gold quickly rebounded strongly, recovering most of the losses by the close!

On Friday, both gold and silver surged together, with gold prices breaking above 4500 in the late trading session. It faced resistance at 4550 and pulled back, closing around 4495. As everyone knows, gold's movement on Friday was volatile and unpredictable, often jumping up and down, making the trend hard to read—commonly called a "Monkey Market"!

From a technical perspective, the daily chart shows a bottoming and rebound pattern with KDJ and MACD indicators turning upward simultaneously. The RSI indicator quickly recovered from the oversold zone. Short-term downward momentum weakened, and gold finally stabilized above the 4350 support level. The previous support at 4300 clearly signals a bottoming pattern. The overall trend shows a oscillating rebound, but caution is needed regarding resistance above, as there is still a possibility of short-term pullback!

Trading strategy should mainly focus on buying low and selling high, with emphasis on resistance at 4580-4600 and support at 4450-4380.

Key summary: The Monday opening trend and its significance—whether gold can hold above 4380 will determine if the rebound can continue; whether gold can break above 4550 will decide if the overall trend shifts from weak to strong, from bearish to bullish!