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#GOLD prices are currently in a sensitive, high-level consolidation range.
The overall trend next week is expected to be "first a pullback, then consolidation, and finally a breakout," with intensified competition between bulls and bears.
Key driving factors include the Middle East geopolitical situation, expectations for #Federal Reserve policy, and volatility in the US dollar and US Treasury yields.
From a bullish/bearish perspective, the medium- to long-term bullish logic remains valid.
Continued global central bank gold purchases, recurring Middle East geopolitical risks, and limited inflation resilience will all provide medium- to long-term support for gold prices.
In the short term, hawkish expectations from the Federal Reserve, high US dollar and US Treasury yields, and profit-taking by bulls will put downward pressure on gold prices.
Next week, we will continue to focus on the support level around 4700-4680. Only if gold firmly holds above this support level will the bullish trend for gold remain unchanged. Target 4800-4900
Gold is expected to continue trading within the 4700-4800 range in the short term. The trading strategy will remain buy low and sell high.
PS: Pay close attention to the progress of the US-Iran negotiations this week, as this will directly influence whether gold opens higher or lower on Monday.
⚠️ There is significant uncertainty in the market next week; I will release the trading strategy in advance.
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