Liang Ge Gold Weekly Market Review and Next Week Outlook

This week, after several days of sideways consolidation and buildup, gold prices experienced a strong breakout and surge during the US trading session last night, clearly showing a bullish trend.

The recent rally was driven by two main factors: firstly, ongoing geopolitical tensions have rapidly increased market risk aversion, directly triggering the surge in gold prices; secondly, the technical structure remains intact. I previously emphasized that gold prices have consistently stayed within a healthy upward structure, and during the sideways phase, the upward trend line was not effectively broken. The pullback was mild, making a sharp rise highly probable.

Last night’s market movement fully aligned with expectations, with prices strongly breaking through the key resistance at 5250, reaching a high of around 5280, demonstrating strong bullish momentum.

Combining the 1-hour cycle and market rhythm, I provide a clear interpretation of next week’s trend (personal opinion, for reference only, not investment advice): After the consolidation and buildup from Tuesday to Thursday, last night’s news-driven surge pushed gold quickly to 5280 and stabilized, closing strongly in the early morning. This typically indicates continued upward momentum in the next trading session.

Based on the current pace, the probability of gold breaking through 5300 next Monday is very high, with the first target around 5350. On the technical side, there is another positive factor: the previous high at 5250 has completed a top-bottom reversal, transforming from a resistance level into a strong support. If the price tests this level and stabilizes, the current rally could extend further toward the 5300–5400 range.

It is also important to identify the key dividing line for this bullish trend: the starting point at 5180. To judge the trend, focus on the structure rather than fluctuations. As long as 5180 holds firm, the upward structure remains intact, and the bullish pattern persists; if it breaks below, it indicates a weakening of bullish momentum, and the market is likely to enter a deep correction.

Overall, as long as the key support remains unbroken, short-term pullbacks will be limited. Next Monday, gold prices are highly likely to continue their strong upward push. Liang Ge recommends trading with the trend.