Last week's gold market was a roller coaster, with dramatic fluctuations and exciting developments!

At the beginning of the week, news directly pushed gold prices down sharply, probing down to the 4510 level, with the bearish momentum fully unleashed, and market pessimism reaching its peak.

Fortunately, the buying support at the low levels was extremely strong, with bottom-fishing funds flooding in to strongly support the market. The downward trend halted by the end of the week, followed by a rebound and rally, ultimately closing with a beautiful long lower shadow candlestick, confirming that the stage-wise bottom has been solidified and established.

This week's trading strategy is clear and straightforward: avoid chasing volatile swings and frequent position switching, and stick to a low-position layout approach. On Monday, focus on the support zone of 4550-4580 for defensive strength, with the first resistance seen at 4700-4730.

As long as the bottom support holds steady, a subsequent rebound and upward pattern can be expected. Remember not to blindly follow the bearish trend at low levels, stay calm and wait patiently for the market to rally.

(Personal opinion, for reference only, not investment advice) #黄金