How high will gold go next week How much room is there to go up?

前天

Gold Technical Analysis: Gold has seen several highlights this week, breaking through the 4200 mark again, a figure that has caused considerable panic. Coupled with consecutive daily gains and high-level consolidation, this is the first sign of a strong upward move. The daily chart shows a reversal from a bearish to a bullish pattern, and if this pattern continues for two more days, forming a consecutive bullish formation, it will likely evolve into a second upward move. On Friday, gold experienced a relatively strong surge, falling to a low of around 4153 and rising to a high of around 4226. Currently, the bullish trend remains unchanged, and pullbacks present opportunities to enter long positions. The next key resistance level to watch is around 4245; if this level holds, a short position can be considered before going long.

This week, the key resistance area for gold is around 4240-4250. If it can break through effectively, the price of gold is expected to further test the previous highs of 4300 and even 4380. On the downside, 4175-4160 has turned from resistance into the first strong support, and the more critical support is at the 4150 level, a trading zone between bulls and bears. From the 4-hour chart, the main support for the price is at 4200. As long as the market maintains its strong upward momentum, it will not retrace too deeply. Therefore, it is necessary to pay attention to the short-term bullish trend. On the hourly chart, the price rose from 4155, and after a retracement from 4170-4180, it rose to 4226. The bullish trend support is at 4155. As long as the price does not break 4155, it will continue to rise and move towards the 4240-4250 area. In summary, the recommended strategy for gold trading next Monday is to primarily buy on dips and secondarily sell on rallies. The key resistance level to watch in the short term is 4240-4250, while the key support level is 4180-4160. Please keep up with the pace of the market.

前天

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The final hurdle in trading is human nature. Many people possess extensive technical knowledge and even a sound trading philosophy, yet they consistently fail to achieve stable profits. This is because they are trapped by the one-sidedness of their systems, neglecting the underlying logic and deeper influencing factors. Trading is not merely a technical issue but also a cognitive one. Truly mature traders must be clear-headed and decisive in every buy and sell, carefully analyzing current market trends to determine if they align with their profit model. If they do, they execute; if not, they patiently wait. The key to trading is not seizing every opportunity but controlling one's emotions and steadying one's actions. When a true opportunity arises, one should act decisively without emotional fluctuations. Only in this way can one achieve truly stable profits.