Gold weekly preview: V-shaped rebound, keep an eye on 4133



Macro: The Fed is leaning hawkish; US Treasuries and the dollar are strengthening. ETF outflows are continuing, and gold’s overall downside pressure hasn’t changed.

Technical: A double bottom at 4021 triggered a rebound; the current level is 4119. The key resistance above is 4133—if it breaks, look toward 4202. Support below is 4063-4021. MACD has a bullish crossover, but the rebound is approaching the pressure zone.

Trading: Take a light short position at 4120-4140, targeting 4100 and 4050, with a stop loss above 4155. If the price retraces to 4060 without breaking, a quick long may be taken—move fast and exit fast.

Summary: Next week is likely to trade in a range of 4060-4130. Before a breakout, sell high and buy low around the range is fine—don’t chase rallies or panic-sell.
GLDX0.75%
PAXG-0.20%
XAU-0.20%
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
  • 3
  • Repost
  • Share
Comment
Add a comment
Add a comment
MevTeaDrinker
· 3h ago
4133 is definitely a key level. If it can’t break through, you’ll have to see a pullback—let’s observe for now.
View OriginalReply0
YieldFarmLibrarian
· 4h ago
Fed hawkish + ETF outflows—fundamentals are still bearish. Technical rebounds are just rebounds; don’t get carried away.
View OriginalReply0
FeeMarketMonk
· 4h ago
MACD has a golden cross but it’s close to the resistance zone. I’m not too comfortable chasing this bounce; I’ll wait for a pullback to 4060 and see if it can hold.
View OriginalReply0
  • Pinned