What to watch for in gold market next week?



From a technical perspective, the daily chart remains bullish with a complete pattern, and the moving averages are neatly aligned and strong. Recently, the gold price has been leveraging the upper band of the Bollinger Bands for a strong performance, indicating a stable structure.

After breaking the all-time high, it didn't continue to hit daily limits but instead fluctuated within the 4490-4550 range. The anti-dip characteristic is still present, showing that the bulls still have confidence. After spiking to $4549 on Friday, it turned around but held firmly above the $4500 level, leaving little room for the bears.

How will the market move next week? Monday is likely to see continued sideways movement with a slight upward bias. $4550 is a key resistance level. If it can stay above this level steadily, gold prices may aim for the 4580-4600 target; but if it can't withstand the pressure, beware of technical traps like top divergence, which could trigger a pullback.
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LuckyBlindCatvip
· 4h ago
If 4550 can't be broken, be careful. If this wave drops again, it feels like starting over.
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HashRateHustlervip
· 4h ago
The 4500 resistance level is firmly held, and the bulls still have some strength. I'm just worried that next week, if 4550 can't be broken, once the top divergence appears and they start to move, it will directly trigger a pullback and a face slap.
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LiquidityWitchvip
· 4h ago
ngl the 4500 line holding is giving major alchemy vibes... like the market's literally transmuting resistance into support rn. bullish structure still cooking but that 4550 pressure point? could be where the spell breaks. watching for those cursed divergences to pop off tbh
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GasFeeAssassinvip
· 5h ago
This barrier at 4550 must be broken; otherwise, it's just a false breakout. When it retraces, it won't end well.
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