Last Friday, gold prices briefly climbed to 4259 before quickly pulling back to close at 4196, failing to hold the 4200 level.
The market has been seesawing, with prices swinging up and down on the hourly chart. Bulls and bears are both active, but neither side has gained the upper hand. For now, the broad range-bound pattern remains solid—resistance above 4265 has yet to be broken, while on the downside, focus on the 4163 to 4175 support zone.
If the market opens next week and pulls back to this area but holds steady, short-term long positions could be considered. However, if 4163 is broken, further downside is likely.
On the 4-hour chart, watch for resistance at 4225-4230, with further resistance at 4245-4260. Support is concentrated around 4165-4175. Technically, the market remains in a consolidation pattern. The strategy is to wait for a pullback to support before entering trades for greater prudence.
Trading plan: Consider building long positions near 4175-4165, with the first target at 4225-4230. If a breakout occurs, continue to look for upside potential.
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#比特币对比代币化黄金 Next Week Gold Trend Watch
Last Friday, gold prices briefly climbed to 4259 before quickly pulling back to close at 4196, failing to hold the 4200 level.
The market has been seesawing, with prices swinging up and down on the hourly chart. Bulls and bears are both active, but neither side has gained the upper hand. For now, the broad range-bound pattern remains solid—resistance above 4265 has yet to be broken, while on the downside, focus on the 4163 to 4175 support zone.
If the market opens next week and pulls back to this area but holds steady, short-term long positions could be considered. However, if 4163 is broken, further downside is likely.
On the 4-hour chart, watch for resistance at 4225-4230, with further resistance at 4245-4260. Support is concentrated around 4165-4175. Technically, the market remains in a consolidation pattern. The strategy is to wait for a pullback to support before entering trades for greater prudence.
Trading plan: Consider building long positions near 4175-4165, with the first target at 4225-4230. If a breakout occurs, continue to look for upside potential.
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