Gold rebounded after testing the bottom this week, with the weekly chart closing with a strong bullish large candle. The bullish momentum throughout the week was fierce, and the medium-term upward trend has been firmly established, with a very steady pace of movement. There are currently no signs of trend reversal in the short term.

From the driving perspective, the weak dollar pattern combined with expectations of Federal Reserve rate cuts, ongoing global central bank gold purchases providing support, and the unresolved Middle Eastern geopolitical risks bringing safe-haven and inflation-hedging demand all continue to support gold prices to rise. Next week, gold is expected to maintain a bullish dominant pattern.
In terms of trading, the core strategy is to stick to buying on dips and avoid shorting against the trend. Key support levels to watch next week are 4830, 4795, and 4765, which are important defensive lines for the bulls; resistance levels above are 4890, 4900, and the medium-term target of 5048.
Operationally, patiently wait for the gold price to dip and stabilize, and only enter positions once clear signals appear for a swing long; if the gold price first hits the strong resistance area above, consider small positions for short-term pullback trading, with strict risk control. Going with the trend is the core principle of the current market, and following the bullish rhythm closely is the only way to steadily capture profits from this round of market. #黄金