Gold Market Review This Week and Trend Analysis for Next WeekGoldOANDA:XAUUSDBull_and_Bear_Trend_AnalysisGold Technical Analysis: This week's gold market can be described as extremely volatile. It opened above 5000, but before the week was even over, it dropped directly to the 4500 level. The stock price plummeted by more than 10% over two consecutive trading days on Wednesday and Thursday, marking the largest short-term drop in recent times. The week's closing price clearly confirms a fully established downtrend in gold, with strong momentum and no signs of reversal in the short term. This week was a pivotal one for gold, marking its largest weekly drop in six years and breaking through six major psychological levels. Multiple negative factors combined to put downward pressure on gold prices, fully establishing a downtrend. Going forward, the bears will continue to dominate the market, and short-term rebounds are merely technical corrections that cannot change the overall downward trend. In the short term, gold prices will continue to fluctuate around the $4,500 level, with a key focus on the support level in the $4,500-$4,450 range. If the price breaks below $4,400, it will further test the $4,300-$4,200 range. In the medium to long term, the Fed's hawkish policies, high inflation expectations, and a strong dollar are unlikely to change in the short term, and the downward trend in gold is clear, with further downside potential. Do not be complacent and assume that the market has bottomed out. From a technical perspective on the daily chart: This week saw a series of large bearish candlesticks, breaking through all key moving averages and support levels. Gold prices have consistently traded below the moving averages, with little upward momentum. The MACD indicator's death cross continues to diverge downwards, with momentum continuously increasing and reaching a recent peak, indicating that the bearish force is in a continuous release phase with no signs of exhaustion. The KDJ indicator has become sluggish at a low level, and even in the oversold zone, it has not triggered an effective rebound, fully demonstrating the strength of the current one-sided bearish market. From a four-hour chart perspective: a clear step-like sharp decline is observed, with rebound highs gradually shifting significantly lower and lows continuously being refreshed. Each round of brief fluctuations is followed by a new round of sharp drops, indicating that bearish momentum remains strong. Trading volume exhibits the characteristics of "high volume during sharp drops and low volume during fluctuations." The surge in trading volume during the sharp drop phase confirms the concentrated entry of large sell orders; the continuous decrease in trading volume during the fluctuation phase indicates that market sentiment is becoming cautious, with no large funds entering the market to buy the dip, and the short-term rebound lacks financial support. From an hourly chart perspective: After this week's continuous sharp decline, the short-term trend is characterized by "sharp drop - slight fluctuation - further sharp drop". The moving averages are in a bearish alignment, with the 5-day and 10-day moving averages simultaneously exerting downward pressure. Gold prices are unable to rebound, the MACD momentum remains high, and the death cross pattern remains unchanged. The KDJ indicator is in the oversold zone and is unlikely to form a valid turn. The short-term rebound is only a weak correction, and the rebound range is limited. It is highly likely that the price will be pressured downward again after the rebound. In summary, the recommended trading strategy for gold next Monday is to primarily sell on rallies and secondarily buy on dips. The key resistance level to watch in the short term is 4700-4730, while the key support level is 4450-4400. Please keep up with the pace of the market.