Next Monday's Gold Outlook: Geopolitical Triggers Boost Bulls, Short-term Target 5350-5400, Mid-term Directly at 5600

This week, gold has already achieved a key breakthrough, with previous strong resistance thoroughly stabilized. The weekly chart closed with a strong bullish candle, establishing a complete upward structure, laying the most solid foundation for a one-sided rally next week.

The ongoing tension between Israel and Iran continues to escalate geopolitical risks, and safe-haven funds are flooding into gold. Today, the crypto market has already shown clear risk-avoidance sentiment, with funds fleeing high-risk assets and flowing into gold, the core safe-haven asset. This capital rotation has sent a clear signal: the pattern of a weakening crypto market and strengthening gold is now set.

From a technical perspective, this wave is a genuine effective breakout, not a false move. Prices are firmly above key moving averages, Bollinger Bands are expanding upward, bullish momentum is sufficient, and all previous resistance levels have turned into support. There are no obvious bearish reversal signals, and the trend shows a one-sided strong upward movement. Pullbacks are opportunities.

Considering geopolitical tensions, capital rotation, and technical breakthroughs, there is no reason for gold to weaken next week. We remain confidently bullish on a one-sided basis. In the short term, watch 5350-5400 as the first target zone after the breakout; as the trend continues, the mid- to long-term target is directly at 5600, with smooth upward space opening up.

——————
Disclaimer: The above analysis is for personal reference only and does not constitute any investment advice. The market carries risks; invest cautiously.