Key Drivers for Gold Bulls Next WeekGoldOANDA:XAUUSDAlbie_Walker# Key Drivers for Gold Bulls Next Week 📉 1. Deeply Oversold on the Weekly Chart, High Certainty of a Bottoming Rebound (Strongest Technical Bullish Factor) Gold prices have plummeted $220 (4.5%) from their high of $4889. The weekly RSI has fallen to the oversold threshold of 29, and the KDJ has formed a golden cross at a low level. Historically, a weekly RSI below 30 followed by a golden cross indicates a 90% probability of a rebound, with a potential magnitude of $50-80. The daily/4-hour chart shows a bottoming triangle consolidation, with the 4700 support level tested three times without breaking, indicating strong buying pressure. An oversold rebound is imminent, with 4750 as the first target and 4780 as the key level for determining strength or weakness. After this week's sharp drop, prices have stabilized, bearish momentum has completely exhausted, selling pressure has been released, and a reversal is inevitable. Bulls will dominate the rebound next week. 🏛️ 2. Next week's Fed meeting may release dovish signals, boosting rate cut expectations (macroeconomic catalyst). Currently, market expectations for rate cuts are low, with only a 5.1% probability of a June rate cut. However, this week's termination of the Powell survey, rising expectations of Warsh's appointment, and White House pressure for rate cuts suggest that next week's meeting will likely release dovish signals, hinting at a September rate cut and a slowdown in balance sheet reduction. If this materializes, it will directly strengthen rate cut expectations, cause a sharp drop in the dollar and US Treasury bonds, lower real interest rates, and an influx of funds into gold, pushing gold prices above $4780 and targeting $4820-$4850. Historically, when the Fed releases dovish signals, the probability of a gold rebound is 85%, with a magnitude of $40-$60. This time, the expectation has reversed, making a bullish move for gold highly certain.