It's the weekend, and a week's worth of effort should come to an end. The performance of gold has been quite good.
From the weekly chart, it opened high and stayed above a high level, with some retracement (about a hundred points), but quickly regained momentum and moved upward, finally closing above 4500. The overall trend is relatively strong, with bullish sentiment prevailing.
Recently, positive news has been coming out frequently, and gold prices have been testing highs. Each correction has not broken through key support levels, indicating that buying interest remains firm. From this perspective, the short-term outlook remains bullish.
For next week's trading, it is recommended to buy in batches at 4480 and 4460. If Monday opens high and moves higher, consider a small short-term follow-up to try your luck. The medium-term target levels can be set at 4550 and 4600, which are likely to be recent resistance zones.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
5
Repost
Share
Comment
0/400
BrokenRugs
· 01-10 08:51
This wave of gold is really stable. Every time it dips, it feels like there's someone supporting the market. Entering long at 4480 is a good idea.
View OriginalReply0
ProposalDetective
· 01-10 08:50
This wave of gold is indeed stable. Holding at 4500 would be quite interesting.
View OriginalReply0
GateUser-9ad11037
· 01-10 08:47
Gold is indeed strong this wave. Holding steady at 4500 is a signal. Try to bottom out at 4480 next week, I feel it will go up to 4550.
View OriginalReply0
BTCWaveRider
· 01-10 08:45
This wave of gold is indeed strong; it has stabilized above 4500, and it feels like there's still hope ahead.
View OriginalReply0
TheShibaWhisperer
· 01-10 08:40
Gold has indeed held up this time, staying steady at 4500. It feels like there's still hope.
It's the weekend, and a week's worth of effort should come to an end. The performance of gold has been quite good.
From the weekly chart, it opened high and stayed above a high level, with some retracement (about a hundred points), but quickly regained momentum and moved upward, finally closing above 4500. The overall trend is relatively strong, with bullish sentiment prevailing.
Recently, positive news has been coming out frequently, and gold prices have been testing highs. Each correction has not broken through key support levels, indicating that buying interest remains firm. From this perspective, the short-term outlook remains bullish.
For next week's trading, it is recommended to buy in batches at 4480 and 4460. If Monday opens high and moves higher, consider a small short-term follow-up to try your luck. The medium-term target levels can be set at 4550 and 4600, which are likely to be recent resistance zones.