Gold Weekly Friday Trend Analysis and Trading Recommendations

3 gün önce

On Thursday, gold maintained a sideways trend, currently trading near $3,370. It hit a low of $3,347 and then rebounded immediately, while yesterday's Federal Reserve interest rate decision had little impact on market volatility. Since Monday, when bearish forces were stronger than bullish ones, the gold market has been seeing equalized bullish and bearish forces, consolidating as it waits for the next stimulus direction.

Once it stabilizes above $3,400 again, there is likely to be an inflection point, and it will gradually rise to test the upper track at $3,460–3,470. At the 4-hour level, it is currently under pressure at the middle track of $3,405, with support at $3,345.

Gold may break out of the current range on Friday. Intraday trading can focus on range operations between the support of $3,345 and the resistance of $3,400: when the gold price stabilizes above $3,360, you can lightly go long, with targets sequentially at $3,375 and $3,395; if it is resisted below $3,395, you can try to lightly go short.

XAUUSD
buy@3350-3360
tp:3380-3390-3400

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İşlem aktif

Today, gold continues to consolidate in a low-range pattern, with bulls and bears locked in a tug-of-war within a narrow band. Technical analysis on the 4-hour timeframe shows that the 3340-3345 area forms a key short-term support zone, while the 3365-3370 level serves as a significant resistance barrier. The 3380-3395 range, acting as a medium-term strong resistance zone, will pose a decisive test for any bullish rally.

In terms of trading strategies, investors are advised to maintain a range-trading approach. When prices stay in the mid-range, it is recommended to adopt a "watch more, trade less" stance, exercise caution against chasing orders, and patiently wait for entry opportunities at key levels. Given that today is Friday and the weekend is approaching, market uncertainties are increasing, so it is essential to manage positions strictly.

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İşlem kapandı: hedefe ulaştı

During this round, the price was sold off sharply from the historical high of 3,500 to 3,120 before rebounding. After consecutive rallies, it faced pressure and fell back to 3,452 due to the fading of market risk aversion. On Friday, it rebounded from a low of 3,340. The daily chart recorded a consolidative bearish candle, with the K-line combination leaning bearish, while the 4H chart showed signs of stopping the decline.

In the short term, it is expected to consolidate below 3,400 next week. For the medium term, attention should be paid to the geopolitical crisis and the Federal Reserve's July interest rate decision. A breakthrough node will be ushered in after confirming the resistance above 3,400.

On the short-term 4-hour chart, the support below is focused around 3,340-45, and the short-term resistance above is around 3,380-85. The key focus is on the suppression at the 3,400-05 level. The overall strategy of going long on pullbacks within this range remains unchanged. For medium-term positions, it is advisable to stay on the sidelines, avoid chasing orders, and patiently wait for entry at key levels.

20 saat önce

Not

The key short-term focus remains on the Middle East. The Israel-Iran conflict continues to simmer, and the U.S. has intervened. Over the weekend, U.S. President Trump announced that U.S. warplanes had launched strikes on Iran's three major nuclear facilities: Fordow, Natanz, and Isfahan—news that instantly ignited the Middle Eastern powder keg.

This development will impact gold at Monday's opening, with a gap-up almost certain. The gold dip-buying rebound we've emphasized will, fueled by this news, drive gold to continue rallying. Technically, the bullish trend remains intact, and with fundamental stimulus, gold's upside momentum is further reinforced. For this week, our strategy centers on buying dips and going long, with the rebound likely to extend after next week's open.

On the 4-hour chart, monitor support around 3340–3345. Spurred by weekend Middle East tensions, the short-term resistance at 3380–3385 is due for a breakthrough, while the 3405–3415 zone remains a key resistance level. The core approach stays long on pullbacks; avoid chasing mid-range levels and wait for key entry points.