Gold Forecast for Next Week

13 hours ago

Gold prices are currently hovering around the 3684 level and have generally been trading within a high-range consolidation zone. Focus on the resistance zone between 3700 and 3710.A breakout above this level is expected to open up room for a new round of upward movement.
Next week, attention should be paid to the following scenario: if gold prices retrace to around 3660 and stabilize there, and a bottoming pattern forms on smaller timeframes, consider going long with a light position. Set TP 3710 and 3720, with a SL 3650.Currently, gold prices are in a phase of bull-bear rivalry, and the 3680 area is crucial as a central price level. From a personal perspective, short-term operations should focus on buying low and selling high within the 3630 – 3700 range. Medium and long-term investors may wait for a clear directional signal before making positioning decisions.


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7 hours ago

Trade active

Let’s gear up for tomorrow!