Lately, the market has been fixated on the Fed’s rate cuts. Strong data spooks investors, while weak data revives rate-cut hopes, leaving gold in a frustrating back-and-forth.
In my opinion, gold is unlikely to trend unilaterally next week and will mostly trade in a high-level range. With the Middle East situation temporarily calming, safe-haven demand has faded, making a direct rally unrealistic. However, continuous central bank buying and ongoing medium-term rate-cut expectations limit the downside.
Overall, gold may first dip slightly before testing resistance repeatedly. Don’t let short-term volatility throw you off — the real trend hasn’t arrived yet. Rather than chasing gains and panicking on dips and getting hit on both sides, stick to key levels and wait for clear direction. Steady discipline beats reckless aggression.
I will update trading strategies daily. Good luck to all.