This Week's Gold Market Review

​Monday
After opening, it showed a gentle oscillation upward, forming a consecutive positive trend on the hourly chart, with orderly support from buying at lower levels. The price gradually approached the 4300 level, and a short-term rebound structure began to take shape, with market sentiment shifting from wait-and-see to cautiously optimistic.
​Tuesday
The daily trading range significantly narrowed, with highs and lows compressed within ten dollars, and bulls and bears entered a tug-of-war. The previous high near 4382 continued to exert resistance, slowing the upward momentum. Some short-term bulls began to actively reduce their positions, accumulating some adjustment pressure in the market.
​Wednesday
Continued to maintain a narrow range of consolidation at high levels, with daily candlesticks showing mixed signals, and technical indicators showing signs of divergence. However, major funds generally remained cautious, waiting for key information to be released. The market displayed a typical "converging for a breakout" pattern, with the direction gradually becoming clear.
​Thursday —— The true turning point of the week
In the morning, a brief rally to the weekly high of 4382.27 was followed by a sharp decline as concentrated selling pressure hit, with a large bearish candle breaking through multiple short-term support levels. Bull stop-loss orders were triggered one after another, causing the decline to accelerate, and the trend clearly reversed, with the balance of power between bulls and bears shifting decisively.
​Friday
Bearish momentum was released, with four-hour candles closing consecutively lower, and the price touched a low of 4121.79. In the late session, after oversold conditions, signs of stabilization appeared, closing around 4155. The entire week saw a decline of over 220 points from the high, with long positions at the high levels facing significant unrealized losses, and the market exhibited very obvious unilateral volatility.
​Weekly Review Summary
​· The first three trading days showed repeated testing at high levels, with bulls gradually losing strength; in the latter half of the week, as key levels were broken, bearish sentiment was fully unleashed.
· Trend-following strategies had considerable room in the second half of the week, while contrarian entries carried higher risks.
· The weekly close was down more than 1.25%, with capital flows indicating continued retreat of long positions and dominance of bearish forces. The short-term trend remains bearish, and during next week's rebound and correction, attention should still be paid to directional risks!