#美联储降息 Market Talk｜Gold Weekly Trend Review

The market is like a mirror, constantly reflecting the participants' judgments. Going with the trend is often more comfortable than opposing it, especially when the trend is clear, following the trend is significantly more efficient. Many traders have experienced this trap: the more they try to catch the bottom, the more they get trapped; the more they want a rebound, the more it dips; eventually, the position pressure accumulates, leading to a loss of objectivity. Instead of obsessing over predictions, it's better to learn to adapt to changes.

Looking back at this week's gold performance, it basically continued the previous analysis. Last week, it was repeatedly emphasized that gold was in a bottom recovery phase, with a focus on support confirmation during pullbacks. Yesterday, clear support was seen around 4209, followed by a rebound attempt. It surged to near 4286 early this morning, opened around 4282, and started oscillating. Before the European session, it might continue this rhythm. Today is Friday, and during the daytime, the range will be observed. The key is to monitor the 4235-43 zone; if it can stabilize, there is room for further upward testing. As the week ends, traders should stay alert and avoid being too aggressive.

From the 4-hour K-line chart, the resistance around 4285-90 is quite obvious. The range of 4235-45 is the recent key observation zone, with deeper support near 4200-4209. Overall, the pattern is still converging within a range, and the performance at key levels will determine the subsequent direction. Adjustments should be made based on intraday changes.

Core observation points:

· Keep a close eye on the 4235-43 range. If the area around 4215-20 can hold, gold may once again challenge the resistance zone at 4285-90.