Friday ended perfectly, and here's the analysis for next Monday!GoldOANDA:XAUUSDzleo0400 First, let's review Friday's gold performance, which saw its biggest drop in over two weeks. After Trump's remarks, the dollar recovered its intraday losses, and gold plummeted by $84 to a low of $4536.45. However, it then rebounded strongly to close at $4595.59; the previous surge in gold prices was too rapid, giving bulls a reason to take profits. And I mentioned in my Friday article to beware of a "Black Friday," providing an early warning! Currently, investors face two strategic choices: Either chase the rally after breaking through historical highs, or wait for the price to pull back to a value range before buying on dips. Ultimately, this depends on individual investment preferences. However, I've observed that long-term bulls prefer a steady approach, while short-term traders dominate short-term gains and market volatility. This pattern is expected to continue as long as the overall upward trend remains unchanged. Gold market analysis for next Monday: Friday's sudden sharp drop in gold was within my expectations, and I had already warned everyone in my Friday article. I had previously analyzed and recommended shorting gold at high levels on Thursday and Friday, specifically at 4640 and 4620 respectively, and the price dropped to 4536, perfectly fulfilling my prediction! Looking at the current market, as we all know, this week's gold price started rising from 4513, reaching a new historical high of 4642 before falling back to around 4536, and then rebounding back above 4590. Although this process indicates bullish control, in the short term, 4590 may have lost its key support effect. Therefore, the overall bottoming-out and rebound trend shown by gold this week undoubtedly laid a strong foundation for the bulls. It's reasonable to expect further gains, but it's necessary to plan for buying on dips. Looking at the 4-hour chart, after yesterday's significant fluctuations, the current price is still hovering near the short-term 5-day moving average. Although the 10-day moving average and the Bollinger Band middle line show a downward pressure, as the 5-day moving average turns upward and the lower Bollinger Band extends upward, it can be concluded that the short-term downside potential for gold is limited. Therefore, on the 4-hour timeframe, a pullback and correction are expected, followed by a renewed bullish offensive. Thus, the trading strategy for the beginning of next week should primarily focus on buying on dips. The initial support level to watch is the 4575-4580 area, which is the upward shifted area after yesterday's low and subsequent rebound. This area can be considered crucial for gold's short-term return to 4600. Secondly, pay close attention to the area around 4635, where the daily 10-day moving average shows strong support. Above this level, the bullish trend is still considered intact, although the upward movement may take longer. However, I personally believe that when the price approaches or touches the former level, one can actively place long orders, observing the bullish performance above 4600. Additionally, it's necessary to pay attention to the area around 4690 in the short term. If the price can remain above this level, then a direct return to 4600 at the beginning of next week is certain, and a stabilization above 4600 is also highly probable. Regarding resistance, in the short term, pay attention to Friday's high around 4620. Short positions can be considered below this level, but any breakout should be considered a strengthening of the bullish trend, even during consolidation. Of course, I personally believe that when the price breaks through 4620, it will be a more positive signal for a move towards the 4640 high, or even a breakout above it. In summary, the short-term trading strategy for gold on Monday suggests buying on dips as the primary approach, with selling on rallies as a secondary strategy. The key short-term resistance level to watch is the 4625-4630 area, and the key short-term support level is the 4570-4580 area. Everyone should keep up with the pace.