Song Xiqing: The Federal Reserve continues to be hawkish! Next week's gold outlook is precise and focused

The Federal Reserve has been hawkish lately. If inflation data comes out in the next few weeks, gold is likely to fluctuate wildly. Additionally, the 4000 level remains a major hurdle that determines the long-term direction of gold.

Last Friday, gold dipped to a low of 4142, but then stabilized and recovered some. Overall, the bears still hold the upper hand.

Over the weekend, there was a lot of news. Once Asian markets open next week, I think it's still possible to continue to be cautious.

Looking at the 1-hour chart, the downward momentum isn't over yet. Just keep an eye on two levels: one is last Friday's high of 4180, if the market weakens, it's unlikely to break through this level; the other is the psychological level of 4200, and when near it, you can look for opportunities to be cautious again.

In short, focus on resistance levels above and operate $XAU flexibly.