Gold chart: This week’s high was 4100 and the low was 3960. It fell by 140 USD. This week’s decline is not big; overall, it has been a small-range pullback with a mild downward move. Bulls and bears have been going back and forth. The close is slightly bearish. Next week, on the upside, still watch 4100; on the downside, watch 3940, the chart’s prior low. Recently, the Iran–Israel conflict has escalated, so the near-term upside may be limited. If early next week it does not strongly rise and hold above 4100, it may still break down below the prior low of 3940. As for the specific plan, we’ll review again on Monday.