XAU Forecast for Monday's Gold Movement, for reference only.


On Friday, gold closed at 4150, and the daily chart shows not only three consecutive bearish candles but also divergence in indicators, signaling that the bearish trend is indeed strengthening. Under these circumstances, the overall bearish logic is solid.
In the short term, even if there is a slight rebound, it is more likely a correction within the downward process and unlikely to change the overall downward rhythm.
Trading should follow the main trend; when a rebound approaches key resistance levels, it remains an opportunity to short.
On Monday, the opening is likely to continue with weak oscillation, and the so-called rebound is more of a technical correction, unlikely to reverse the current main downtrend.
Focus on the resistance zone of 4200-4220 at the opening; if a rebound reaches this area, be cautious of the risk of encountering resistance and falling back.
The 4120 level is the core support for this round; if it holds, there may be a short-term stabilization opportunity.
Once broken, it could open further downside space.
The overall approach remains to short on rallies and be cautious about chasing the highs.
XAU0.83%
XAUUSD0.98%
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