Spot Gold Weekly Outlook | Increased Volatility, Watch Non-Farm Payrolls!

Today is a market holiday (3/29). Last Friday, gold closed at $4,457.70/oz📈 up 1.79%
The next trend depends on two key factors:
🔸Tensions in the Middle East → Gold prices may retreat to the $4,000 level
🔸Ceasefire signals or rising expectations of rate cuts → Potential rebound toward $5,000

⚠️Heavy data releases next week (3/30-4/3)
April 3rd US March Non-Farm Payrolls (the first employment data since the US-Iran conflict!)
Germany March CPI, US ADP (small non-farm), ISM Manufacturing PMI
China Official & Caixin PMI
Plus US February JOLTs, Retail Sales, and other revised data. Market sentiment is sensitive, and volatility expectations remain high!

Technical Analysis:
Daily rebound faces resistance, short-term pressure and consolidation📉
🔻Support levels: $4,450 / $4,400
🔺Resistance levels: $4,525 / $4,555
Indicators show mixed signals, bears are favored, and rebounds remain weak

Opening Strategy (mainly short positions)
⚡Short positions: around 4,525±5 / 4,555±5, with a 50-100 USD range
⚡Long positions: around 4,450±5 / 4,408±5, with a 50-100 USD range
⚠️Critical level: $4,450, set stop-loss orders, diversified positioning is more stable!

These are personal ideas only and do not constitute investment advice. Please consider rationally and manage risks carefully.

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