Gold Dax 3.7 Gold Weekly Outlook

This week, non-farm payroll data was released, coupled with ongoing tensions in the Middle East. Gold experienced a deep V-shaped correction, bottoming out and then rebounding, making the bullish and bearish outlooks clear. The non-farm data significantly exceeded expectations, and the rate cut anticipation increased sharply. Gold rebounded strongly from a low of 5060, stabilizing above 5150, with the short-term bulls regaining control.

The low of 5060 this week formed a strong support level, serving as the current defense line for the bulls; resistance above is seen at the 5200 round number. Breaking through this level could open the way for further gains. The immediate short-term resistance is at 5190–5200, with the first support at 5130–5150.

Next week, the strategy is to buy on dips and follow the trend, avoiding blindly chasing highs. As long as key supports hold, the trend remains intact.

In terms of operations, consider buying on dips at 5130–5150 support levels, with a stop below 5110. Targets are first at 5190, then at 5200.

Risk warning: Investing involves risks. Enter the market cautiously. The above analysis is for reference only and does not constitute investment advice.