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Gold reverses and gets on board! Beware of a continued strong open on Monday!
The gold market continued to rise on Friday, once again confirming our consistent bullish outlook.
Review of key points:
4970 is not the peak of this round; the market will continue to break higher. Our initial target for 2026 is 5000, followed by 5500, with the overall upward trend unchanged.
Following the trend is the key at present. Long positions around 4815 and 4900 can still be held, currently with about 200 points of profit.
Avoid guessing the top against the trend. Instead of risking a short position, maintain a trend-following mindset, which reduces pressure and makes it easier to seize opportunities.
Looking ahead to next week:
A high open is highly probable on Monday. The upward momentum from Friday has not been fully released, and the medium to long-term trend remains bullish. The continuous rise in gold prices also reflects global funds' preference for gold as a safe haven amid complex situations.
In the short term, pay attention to support levels around 4900 and 4960. If there is a high open tomorrow, the first major resistance is around 5030.
Do not attempt medium- to long-term short positions or blindly guess the top. Every pullback since the trend formed has been an entry opportunity. A true trend reversal requires fundamental changes, and currently, global situations remain complex and intertwined.
Simple summary:
A high open is expected on Monday; it is recommended to continue following the trend in trading. Short-term support is around 4960, and existing low-position longs can be patiently held. Trading inevitably involves regrets, such as being shaken out of the 4565 long position previously, but maintaining a calm mindset is fundamental for long-term market presence.
Wishing everyone a pleasant weekend and great achievements in trading days to come!#黄金白银再创新高