Gold's Market Outlook for Next Week:
From a daily perspective, gold's recent trend is upward, but it is not a one-sided strong rise; rather, it is climbing at a pace of 'two up, one down.' In this pattern, chasing high directly next week carries significant risks!
At the beginning of the week, it is likely to consolidate and build momentum, first attempting to push up, then facing pressure and retreating. The upper resistance levels to watch are 4322-4353-4381, while the lower support levels are between 4285-4255-4220. In the short term, engage in high selling and low buying around the support and resistance levels. Without a clear breakout signal, do not heavily chase high!
Additionally, gold is significantly influenced by fundamental factors such as the US dollar index, real interest rates, geopolitical issues, and central bank policies. It is essential to pay close attention to related data and events next week.
