Analysis of gold trend next week!

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Analysis of gold trend next week!GoldOANDA:XAUUSDGoldenBigAgeMarket News: The US dollar rose for the second consecutive week this week, but spot gold prices continued to surge, reaching a new all-time high. London gold prices have now risen for the sixth consecutive week. Market expectations of two more rate cuts this year have led to rising stocks, a weakening US dollar, and generally stable Treasury yields. Friday's US PCE data remained largely stable, with personal spending growth exceeding expectations. Spot gold surged, briefly approaching a record high, but retreated in late trading, ultimately closing up 0.28%. Next week marks a "super week" for investors, with both major and minor non-farm payroll reports focused on key speeches by Federal Reserve officials. Meanwhile, several US economic data releases, including Friday's non-farm payroll data, will be released. These data will cross-validate the Fed chairs' views and provide guidance for the Fed's interest rate meeting at the end of October. Next Week's Analysis: Gold prices rose strongly on Friday, with buying at 3755 in the US session. Gold also rose to 3784, but retreated in the latter part of the night, failing to break new highs. Can gold buying continue to reach new highs, continuing the frenzy, or is this just a blip? Next week will be crucial. If the one-hour gold price fails to continue its upward trend, it could form a double top pattern. Next week will feature a series of important data releases, and gold will likely remain volatile at the start of the week. Without any significant news at the start of the week, watch for resistance at 3790 and a potential pullback. Focus on support at 3720. If the rebound is weak on Monday, sell at a high price. Trading Strategy: Short-term gold buy at 3740-3743, stop loss at 3732, target at 3780-3800; Short-term gold sell at 3785-3788, stop loss at 3797, target at 3740-3720; Key Points: First Support Level: 3743, Second Support Level: 3720, Third Support Level: 3700 First Resistance Level: 3780, Second Resistance Level: 3792, Third Resistance Level: 3800