How to view gold next week, exclusive analysis by Liang Ge!

This week, the gold market experienced intense volatility, like a roller coaster. A slight misstep could wipe out the hard work of weeks or even long nights watching the market in just a few days. On Monday, it opened high and then fell more than 200 points; on Friday, it repeatedly rallied and fluctuated nearly 100 points around 4309. The overall market can be described as chaotic.

Regarding the gold trend next week, Liang Ge will make an adjustment. I believe the market will continue to test the lows, even though weekend news indicated that the US has taken action against Venezuela. Most people see this as a bullish signal for gold, but be aware that when this news becomes widely known, it often means the bullish momentum has been exhausted.

Whether it opens high or low on Monday, gold is expected to continue its downward trend. The fading of news effects may even inject momentum into the bears. Additionally, from a technical perspective, the weekly high point and daily K-line around 4549 have formed a double top. Next week, it is expected to continue testing lower levels such as 4250, 4180, and 4150.