Gold, will it fall again next week? Answer: After forming a bottom, it is bound to rebound.



Last week, Trump canceled the strike plan against Iran, which restored market risk sentiment and drove prices to rebound.

Iran's diplomat Abbas also confirmed progress in negotiations, admitting "we are closer than ever to an agreement," while calling on the media not to over-speculate on details, further stabilizing market expectations.

On the four-hour chart, after a dip, the price recovered its decline, with the lows gradually rising, and technical indicators also recovering and warming up. The current upward trend is still ongoing; although there is slight resistance above that limits the upward momentum, a breakout is only a matter of time.

Buy around 4183, target 4350$XAU
XAU0.13%
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