7.5 Gold Investor's Gold Weekly Forecast: Violent Surge Hits New Highs! Can You Still Chase Longs Next Week? Answers + Levels All Given



This week, gold staged a sharp unilateral rally, stabilizing from the 3943 stage low and climbing steadily. Midweek, bullish momentum accelerated, breaking through the 4100 integer mark with force, and hitting a high of 4195 within the week. The single-week cumulative gain exceeded 6%, fully igniting market bullish sentiment.

The Federal Reserve released clear rate cut expectations, causing the U.S. dollar index to continue weakening; coupled with escalating geopolitical uncertainties, global safe-haven buying poured in. Multiple bullish factors combined, injecting ample momentum for gold's upward move.

On the hourly chart, gold prices have been steadily rising along the upper Bollinger Band, with moving averages across all timeframes maintaining a bullish alignment, confirming a clear medium-term uptrend. However, short-term indicators have entered overbought territory, and a high probability of oscillation and correction at high levels is expected to complete indicator repair.

Next week's strategy focuses on buying on dips after pullbacks. Enter long positions in the 4130-4150 range, with targets at 4200, 4250, and 4330. $XAU #ETH突破1700 #TradFiCFD黄金大师赛
XAU0.31%
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TheMoonReflectsOnTheTranquil
· 5h ago
Fed rate cut expectations + geopolitical risks, these two buffs stacked up, gold really can't come down.
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ColdLightNftCabinet
· 6h ago
The 4200 target seems conservative. If risk aversion intensifies further, even 4330 may not be enough.
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PurpleMistColdWallet
· 8h ago
Hourly overbought is a fact, but the bullish trend hasn't broken; a pullback is an opportunity to get on board.
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DepegDaydream
· 8h ago
The pullback range of 4130-4150 is quite precise. I'll place an order to try first.
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