Liang Bro Making Daily Profits | 3.22 Gold Market Outlook for Next Week

The weekly chart closed with a large bearish candle, with downside expectations continuing into next week. Key support to watch is the previous low around 4400, if held firmly, consolidation will continue in a large range with upside potential of around 400 dollars, targeting the 4800-5000 region; if 4400 is effectively broken, there's at least another 200 dollars of downside space below, with equal amplitude target around 4225-4200.

Weekly resistance focus on the top-bottom reversal point at 4683, where short positions can be established, targeting a return to the 4400 level.

The daily chart closed Friday with a long upper and lower shadow bearish candle. After intraday washout, the European and American sessions weakened. Monday's main approach is sell on rallies, with upper resistance focus at 4660.

Hourly resistance at 4570, in weak market conditions can short around 4545 first; in extreme weakness, don't rule out direct pullback around 4517.