Hao Kai Next Week Gold Outlook



The gold trend is dominated by Middle East geopolitical tensions, reducing the relevance of technical analysis. Early in the week, tense situations pushed gold prices down to a low of 4024, but rumors of US-Iran negotiations briefly boosted gold prices!

The US negotiations are only a temporary measure, with terms that harm Iran's interests. The contradictions between the two sides are difficult to resolve completely, and short-term easing is unlikely to last, so gold prices still face downward pressure!

This week, gold closed at 4217, with a volatile rise on Friday but insufficient momentum, and no bullish reversal signals on the chart, maintaining overall weakness!

Short-term resistance is at 4230-4235, strong resistance at 4270-4290; short-term support at 4160-4170, key support at 4085-4100. Trading mainly involves shorting on rebounds!

Trading strategy: Short on rebounds at 4230-4245, add positions on rallies to 4255-4270, with initial targets at 4180 and 4150, and if broken, look for 4130!#黄金 $XAUT
XAUT1.56%
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