Next week's gold forecast analysis
This week, gold oscillated within a range of about $100, with the weekly line ultimately closing as a bullish line with a long shadow. Simply from the perspective of gold's own trend, next week is likely to continue with a pattern of oscillation; however, considering the performance of silver, the overall strategy should still adopt a 'main long, auxiliary short' approach. Before the previous high of 4381 is effectively broken, caution should be exercised as a pullback may occur at any time. The weekly support level is near 4301, and if this position is reached, it is advisable to go long.
On the resistance side, if the previous high of 4381 cannot be broken, one can attempt a short with a small stop loss. If the market breaks through the previous high and refreshes a new high, the initial target is set at the round number of 4400, with strong resistance around 4440, where short positions can still be arranged. For a significant pullback to occur, it must effectively break below 4271, with strong support located around 4220. Since next week coincides with Christmas, the overall tendency before the end of this month leans towards small range oscillations.
From the daily perspective, multiple doji patterns have been recorded recently, and yesterday a bullish doji was once again formed. If there are no significant news stimuli over the weekend, Monday will likely focus on shorting after a rebound. The upper resistance level is near 4348, and if it cannot break through, a small stop loss can be used for a short. The lower support is at 4328, which is also the dividing line between bullish and bearish for next week. If this position is held, it is advisable to go long. If it stabilizes above 4348, one can further look to the range of 4353-4360, and after touching it, consider short positions. If it effectively breaks below 4328, the short-term outlook is to reach the range of 4320-4312, where one can attempt to go long.
Suggestions: Before breaking the levels of 4328-48 on Monday, use small stop losses for high shorts and low longs; if broken, suggest going long at 4310, 4328 long, and short at 4348 and 4353
