5. Next Week's Gold Market Analysis

At the daily chart level, gold prices are still being suppressed by the moving average system. Although there was a slight short-term rebound touching the 5-day moving average, it has not been able to break through the 10-day moving average. Short-term bulls and bears will likely engage in a fierce battle, with a higher probability of oscillation and contention.

The main resistance above is concentrated around 4660, which is basically consistent with the previous strong resistance area at 4650. If the bears dominate the market next week, the rebound space for gold prices will most likely be limited below this resistance level. The key support below is at 4600. If the European session continues to weaken and effectively breaks below this support, the bearish trend will probably continue further.

The overall trading strategy for next week is mainly to go short from the highs: if the gold price rebounds to the 4636-4638 range, consider entering short positions. The downward target is 4600-4580, with a stop loss set at 4650. If the bulls gain strength during the European session and the trend appears stronger, consider exiting short positions before the US session and adjust flexibly!

⚠️ Friendly reminder: The above is only market analysis and does not constitute any trading advice. Investment involves risks; please trade cautiously. #黄金 #黄金行情 #黄金🔥