Gold Weekly Opening Analysis and Forecast



This Friday, non-farm payroll data showed a significant increase, coupled with ongoing market outflows, establishing a short-term weak trend. The data reinforces expectations of sustained high interest rates, continuously suppressing prices.

On Monday's open, due to data lag, there is a high likelihood of gap opening, low opening, or volatile shakeouts. Do not chase gains or panic sell, and avoid blindly following the market. Wait until the market stabilizes before taking action.

Technically, the moving averages are in a bearish alignment, with clear price pressure, so overall, follow the trend.
Long position: Resistance at 4700 during rebounds.
Short position: After a fall to 4550 support and stabilization, consider reversing to play the rebound.

Trading reminder: Follow the trend, avoid holding onto positions stubbornly, and do not fight the market. Only engage in steady trades.
Monday may see significant volatility. The above is a forward-looking idea, and I will publish real-time strategies promptly.
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