Gold Trading Strategy for next Monday

✅ On Friday, gold rose sharply. We had already advised members to go long around the 3748–3752 area, and the price later climbed to as high as 3783. However, during the second half of the U.S. session, gold pulled back without breaking a new high, indicating weakening bullish momentum. The key question now is whether gold still has the strength to refresh its all-time highs or if this was just a temporary spike. Next week will be a critical observation period.

✅ 4-Hour Chart: Gold has broken out of the recent consolidation range, extending its rally toward the historical high near 3791. The 21-period SMA around 3750 provides strong support. If the price holds below 3750, the short-term structure will turn bearish, possibly falling back into the previous range with downside targets at 3720 and 3700. Conversely, a clear breakout above the 3780–3791 resistance zone could unleash new bullish momentum and open the door to further highs.

✅ 1-Hour Chart: Gold is currently trading in a narrow range, with short-term moving averages gradually turning upward. However, if the rebound momentum fades, a potential double-top could form around 3780–3783, leading to short-term pressure. Overall, unless major news triggers a move, gold will likely remain range-bound early next week. Watch 3780 as resistance and 3720 as support.

🔴 Resistance Levels: 3780–3785 / 3791–3795
🟢 Support Levels: 3745–3755 / 3730–3720

✅ Trading Strategy Reference:
🔰 If gold holds above the 3745–3755 support zone, consider light long positions with targets at 3780–3785.
🔰 If gold breaks below 3745–3755, a 4-hour double-top will likely be confirmed. In this case, consider light short positions targeting 3730–3720.
🔰 If gold faces resistance at 3780–3785, short entries can be considered with targets back down to 3745–3730.

🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions.