Next Week's Gold Market Outlook



Next week, gold prices will generally exhibit a pattern of initial weakness and fluctuation, a turning point on Wednesday, and a recovery towards the end. At the beginning of the week, bears will dominate, and the market will be weak with limited rebound; Wednesday's Federal Reserve interest rate meeting will be the key turning point, breaking the current range.

After the previous decline, the negative factors will be gradually digested, and the probability of continued deep drops in gold prices is low. A oversold rebound is expected towards the end of the week, with an overall trading range of 4100-4300.

Trading Strategy

Before the data is released, follow the trend to short at high levels; after the news is announced and the bottom is confirmed, look for support levels to go long. Strictly avoid chasing rallies and cutting losses.

Specific Levels

• Short positions: Enter on rebound to 4250-4300, target 4160-4100

• Long positions: Enter on pullback to 4100-4150 with stability, target 4250-4300#黄金
PAXG2.29%
XAU2.32%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned