Gold next week Key S/R Levels and Outlook for Traders

[nihalsari]

GOLD WEEKLY SNAPSHOT — BY PROJECTSYNDICATE

High/Close: $4,380 → ~$4,112 — lower close within range; momentum cooled but holding the $4,000 handle.
Trend: Uptrend intact > $4,000; oversold into $4.1k—setup favors reflex bounce.
Supports: $4,120–$4,080 → $4,020–$3,988 (bullish liquidity) → $4,000/3,980 must hold.
Resistances: $4,200 / $4,250 (bearish liquidity) / $4,300 → stretch $4,350–$4,380.
🧭 Bias next week: Buy-the-dip $4,020–$3,988; momentum regain above $4,200 targets $4,250 → $4,300–$4,350. Invalidation < $3,980 risks a deeper flush to $3,950.

Macro tailwinds:

• Policy: Easing real yields supportive on dips.
• FX: Softer USD tone = constructive backdrop.
• Flows: Central-bank buying + tactical ETF interest underpin $4k.
• Geopolitics: Trade/tariff & regional tensions keep safety bids alive.
Street view: Select houses still float $5,000/oz by 2026 on policy easing & reserve-diversification narratives.

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Key Resistance Zones

• $4,200–$4,230 immediate supply from the weekly close
• $4,250 bearish liquidity / primary target
• $4,300–$4,350 extension band
• $4,380 prior spike high / stretch

Support Zones

• $4,120–$4,080 first retest band below close
• $4,020–$3,988 buy zone (bullish liquidity)
• $4,000 / $3,980 must-hold shelf

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️ Base Case Scenario

Expect pullbacks into $4,120–$4,080 and $4,020–$3,988 to attract buyers, rotating price back toward $4,200 then $4,250. Acceptance above $4,250 invites a drive into $4,300–$4,350.

Breakout Trigger

A sustained push/acceptance > ~$4,250 unlocks $4,300 → $4,350, with room toward $4,380 if momentum persists.

Market Drivers

• Real-yield drift lower (supportive carry backdrop)
• USD softness aiding metals
• Ongoing CB accumulation; ETF flows stabilizing on dips
• Headline risk (trade/geopolitics) sustaining safe-haven demand

Bull / Bear Trigger Lines

• Bullish above: $4,020–$4,100 (buyers defend pullbacks)
• Bearish below: $3,980 (risk expands; threatens $3,950)

🧭 Strategy

Buy low from bullish liquidity (~$3,988) with a target at $4,250; oversold conditions favor a strong bounce. Add on strength above $4,200 toward $4,300–$4,350. Keep risk tight below $3,980–$4,000 to invalidate.

[jacson4]

Next week’s S/R zones look crucial — gold traders should watch for a bounce near support or a clean breakout above resistance.

[kelson10]

Technical levels are lining up nicely. Could be a big week for gold volatility if momentum picks up.