Gold Trading Strategy for Next Week

✅ From the daily chart, gold closed with a large bearish candle, showing a clear decline. Short-term rebound pressure is heavy and market sentiment has turned bearish. The 4000 psychological level is the key support: if it holds, gold may continue to fluctuate within the upper range; if it breaks, the price may further fall toward 3930 or even the 3886 area for support. XAUUSD

✅ From the 4-hour chart, gold is still in a corrective phase, and the overall structure remains weak. If the price can climb back above the key moving averages, bulls still have a chance to repair the structure; if not, bears will continue to dominate, and the probability of further downside increases.

✅ From the 1-hour chart, the short-term structure has already formed a Head and Shoulders top, and the rebound strength is limited. If gold cannot break above 4150 next week, the current rebound will form the right shoulder, creating continued downward pressure. After Friday’s sharp drop, gold is expected to see a technical rebound early next week, and the next move will depend on the strength of that rebound.

🔴 Resistance Levels: 4110–4120 / 4140–4150
🟢 Support Levels: 4030–4050 / 4000–3970

✅ Trading Strategy Reference:
🔰 If gold rebounds to 4110–4120 and meets resistance, consider light short positions. The target can be set at 4050–4030. If the decline continues, further targets are 4000 and 3930–3887.

🔰 If gold rebounds to 4140–4150 and faces rejection, high-position shorts can be taken, targeting 4100–4080.

🔰 If gold pulls back to 4035–4040 and stabilizes, consider low-position longs, targeting 4060–4080.

✅ Overall, next week’s short-term gold trading should focus on selling the rebounds, with buying on dips as a secondary approach. If gold fails to break above 4150, the Head and Shoulders top pattern will be confirmed, and the bearish trend is expected to continue.