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Gold, Next Week's Strategy
This week, the upward momentum from the north was smooth, moving from 4700 up to around 4900, a full 200-point range. Next, I will focus all efforts on preparing for next week's market.
If tomorrow's opening successfully breaks below the 4750 level, our long-term downward strategy will be confirmed, with the predicted turning point at 4900 last week. If the strong resistance at 4900 is not broken, it will be the moment to fully head south from the top.
Suggestion: Short around 4853, targeting 4750.
Pay attention to the support at 4750 below; if there is an early decline but it can be smoothly held, then we can rely on this support to move north again.