Gold Market Overview Next Week
š Gold prices are currently in a sensitive, high-level consolidation range. Next week, the overall trend is expected to be “first a pullback, then consolidation, followed by a breakout,” with intensified competition between bulls and bears. The core driving variables will be the Middle East geopolitical situation, expectations regarding Federal Reserve policy, and fluctuations in the US dollar and US Treasury yields.
From a bullish/bearish perspective, the medium- to long-term bullish logic remains intact. Continued global central bank gold purchases, recurring Middle East geopolitical risks, and limited inflation resilience provide medium- to long-term support for gold prices. In the short term, hawkish expectations from the Federal Reserve, high levels of the US dollar and US Treasury yields, and profit-taking by bulls will put downward pressure on gold prices.
ā ļø Next week will see significant market uncertainty; I will release trading strategies in advance.