Next week's gold price movement will largely depend on the non-farm payroll data – a crucial card to play. The market is focused on the key zone of 4444-4500, and whoever controls this area will essentially dominate the momentum.
Looking upside, if gold holds above 4500, bulls will press higher toward 4510-4520; looking downside, a break below 4444 will likely pull price back into the 4400-4440 oscillation range. In essence, it's about confirming direction.
From a trading perspective, the most reliable approach is to stick to key support and resistance levels, then follow the trend when you've got it right – no greed. Major events like non-farm payrolls can trigger massive volatility, so position sizing is critical. Don't end up getting trapped when unexpected swings occur.
Next week's gold price movement will largely depend on the non-farm payroll data – a crucial card to play. The market is focused on the key zone of 4444-4500, and whoever controls this area will essentially dominate the momentum.
Looking upside, if gold holds above 4500, bulls will press higher toward 4510-4520; looking downside, a break below 4444 will likely pull price back into the 4400-4440 oscillation range. In essence, it's about confirming direction.
From a trading perspective, the most reliable approach is to stick to key support and resistance levels, then follow the trend when you've got it right – no greed. Major events like non-farm payrolls can trigger massive volatility, so position sizing is critical. Don't end up getting trapped when unexpected swings occur.