Next week’s overall gold trend

On Friday during the US session, after news of Iran talks, the gold price briefly surged and then pulled back—the market action matched expectations. Geopolitical tensions keep swinging back and forth, and there is unlikely to be a clear outcome in the short term. Gold is under pressure at the key resistance of 4660-4670; overall, it is in a downward-trend oscillation and consolidation, and the short-sell (high-short) mindset remains consistently effective.

Key levels
Support: 4595-4600, strong support: 4560-4568, deep support: 4510-4520
Resistance: 4683-4690, strong resistance: 4700-4710

A rebound on the one-hour timeframe lacks strength and fails to hold above the key resistance. The gold price is trading within a descending triangle range. Next week, as long as it does not break 4660-4670, the outlook remains to follow the trend with high shorts.

Today’s range is 4640-4660; watch below 4550.

Weekend news may easily ferment, and on Monday there is likely to be a gap-open at the start. Gold will continue with short-term range-bound trading, waiting for news to indicate the direction. Don’t chase highs or cut lows—wait for Monday’s open, then adjust positions in real time, with precise levels and risk control followed promptly. $BTC $XAU $ETH #WCTC交易王PK