The 4400 mark is within reach! Is gold gathering strength to surge or will it pull back from high levels? The key data next week will reveal the answer.

The Federal Reserve's rate cut cycle has begun, the US Dollar Index has fallen back to 98.35, and gold is continuing its upward trend, just one step away from 4400.

However, the real test is coming — next week's US CPI data could be the "watershed" for gold's movement:

▷ If inflation data is moderate: Market expectations for rate cuts will be further reinforced, and gold is likely to break through the 4400 threshold and open up new upside space.
▷ If inflation unexpectedly rebounds: Short-term gold prices may shake, and the market might reassess the monetary policy path, but this is not a trend reversal; the medium-term bullish logic remains solid.

Currently, gold is in a high-range zone historically, and increased volatility is unavoidable. Before the trend clarifies, maintaining rational positions and flexible strategies is crucial.

Remember: Be patient before key data is released, confirm the trend before taking action, and only then can you navigate the volatility steadily.