Gold Spot / U.S. Dollar
Long
Updated

Gold: forecast

114
📈We predict that next week gold will oscillate upward in the range of 3,960 - 4,080, gradually rise relying on trendline support, and is expected to test the resistance at 4,050 during the week. If it breaks through with increased volume, it will target 4,100 resistance level.
💡However, at the same time, we need to closely monitor Fed policy and geopolitical risks as core variables, because macro events may become the key to breaking the balance.
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Let's look forward to tomorrow's gold market situation

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