Gold Market Prediction and Trading Strategy for Monday

Last week, gold prices fluctuated with choppy movements, as various economic data took turns influencing the market. The bulls and bears were in a stalemate, and no clear trend emerged.

At the beginning of the week, PMI data weakened, and rising expectations of interest rate cuts pushed gold prices higher; later in the week, strong US employment and inflation data significantly delayed the Fed's rate cut expectations, pushing the timing from June to September. Expectations of bullish and bearish movements shifted back and forth, combined with geopolitical tensions providing only bottom support, resulting in a range-bound market throughout.

Core logic for the upcoming market: During the stable phase, focus on the Fed's rate cut expectations. If geopolitical tensions suddenly escalate, wait for gap-up movements to trade in the trend.

Monday's trading ideas:
If the market opens normally and stabilizes above 4700, look for a pullback to 4670–4680 to buy long, with short-term targets of 4735–4745, and a stop loss below 4660.
If the market opens with a sharp decline, do not chase the short; wait until the selling pressure subsides before considering positions.
A strong breakout above 4745 resistance indicates continued bullish momentum, so follow the trend long, with resistance at 4765–4785.

Overall strategy: Before breaking the range, buy low and sell high around 4670–4740; once a breakout occurs, combine key support and resistance levels to adjust trading rhythm flexibly. #黄金 $XAUT