Gold will continue to riseGold / U.S. DollarFOREXCOM:XAUUSDGolden_Goals This month, the gold market saw active trading, with the monthly chart forming a classic long lower-shadow bullish candle (hammer line). This is often interpreted as a technical signal that the bullish washout has ended and prices are poised to continue their upward movement. Combined with this candlestick pattern, it can be anticipated that gold prices will likely see higher levels next month. In terms of trading, the key support zones below are at 4840 and the 4790-4740 area. As long as prices hold above this region, the medium-term bullish structure remains intact. Above, the core bullish-bearish demarcation line is the 5600 level. Until prices firmly hold above this level, market movements may remain choppy, making it suitable to trade with a range-bound approach. However, once a confirmed breakout above 5600 occurs, it would likely signal the start of a new main upward wave. Based on technical measurement, the subsequent upside potential could range from 200 to 400 dollars.Therefore, in the larger cycle, the range of 5400-5600 can be viewed as the trading box for the coming months. Returning to short-term trading, the weekly chart shows a bullish close, indicating an optimistic direction for the overall trend next week. The primary approach is to lean towards buying on dips. The initial plan is to place long orders around the 5200 level, with targets at 5400 and then 5450. On the daily chart, Friday witnessed intense volatility with a tug-of-war between bulls and bears. During the US session, prices broke out to the upside, reaching a high near the 5280 level and eventually closing near the daily high. This suggests that bulls gained the upper hand in the battle. Looking ahead to Monday's trading, given the relatively high closing price on Friday, significant pullbacks are unlikely. Operations may require moderately higher entry levels. Focus on two key support levels: first, the support-turned-resistance level at 5250; second, the pullback low from Friday's US session rally at 5221. If the market exhibits extreme strength, prices might only briefly pause in the 5276-5270 area before continuing upward. The initial upside target is 5316. If this level is easily surpassed, the next target range would be 5340-5380. It is worth noting that the 5380 area is not only a previous dense trading zone but also close to the short-term upside target. If prices reach this region and show signs of stagnation, one could consider counter-trend short positions to play for a short-term pullback. Trading Strategy: Long Positions: Initiate around the 5250 area (conventional defense level). If the market opens higher and pushes up, consider entering long positions around 5270. Targets: 5316 → 5340 → 5380. Short Positions: Upon the first test of the 5340 or 5380 area, if reversal signals appear, short-term selling can be considered.