Gold Price Outlook for Next Week

After consecutive declines, gold's downward momentum has significantly weakened, and it has rebounded from the 4300–4350 zone, with selling pressure mostly exhausted. The market has now entered a phase of consolidation and technical rebound.

The coming week is a critical window; the key focus is whether the rebound can continue. Although the overall trend remains bearish, short-term downside momentum is weakening, and a quick recovery from lows indicates a stabilization correction, not yet supporting a further sharp decline.

Currently, gold prices are supported around 4450–4460. As long as this level holds, the rebound space will gradually open up. The first target is in the 4600–4800 range. Beyond that, the market faces resistance from the descending trendline and the 5100–5200 zone, which will significantly restrict upward movement.

Trading Strategy

Hold above 4450 support, expect the rebound to continue, initially targeting 4600–4650. If the rebound is strong, it could extend to 4700–4800.

If prices dip back to around 4450 and stabilize, treat it as a rebound; as long as the 4300 level is not broken effectively, the rebound pattern remains intact.

If an unexpected break below 4300 occurs, it indicates the downtrend is not over and may lead to further declines. However, the probability of this happening is currently low.