The gold market showcased another roller coaster of crazy fluctuations on Friday, with a strong surge in the afternoon, followed by a sudden drop at midnight. During these drastic ups and downs, the highest point reached 4353, while the lowest dipped to 4257, with a fluctuation exceeding a hundred dollars, ultimately closing at the critical position of 4300. Based on the closing pattern, it is highly likely that gold will continue its upward trend next week, with a focus on the support range of 4290-4296 below. As long as it does not break this level on pullbacks, it presents a good opportunity to go long. After all, the bullish trend is fundamentally solid, whether from the technical formation or the positive international news, the upward movement of gold is undoubtedly the main theme.

Analyzing the 4-hour K chart, we need to be particularly wary of the strong resistance area at the previous high of 4380-4385 above, while initially focusing on the short-term support at 4290 below, with a more critical defensive level at 4266-4270. The technical oscillation and consolidation essentially serve to build momentum for the next round of increases, and we just need to patiently wait for the key points.

Gold 4285-4290 range for phased long positions, targeting 4350. If the 4350 level fails to stabilize effectively, a light position can be attempted for shorts; if the resistance level is broken with volume, we look bullish towards 4385.