Will Gold Break Through 4600 Next Week?Gold / U.S. DollarFOREXCOM:XAUUSDXAU_Insights Gold remains bearish before firmly holding above 4600. I. Weekly Review Gold markets experienced a rally after a decline this week. International spot gold bottomed out near the 4100 level before staging a strong rebound, recovering most of its losses by the end of the week. Domestic gold followed a similar V-shaped pattern, forming clear signs of stabilization and a bottom. II. Technical Analysis Daily Chart The daily chart shows a bottom-fishing rebound pattern. The KDJ and MACD indicators are both turning upward, while the RSI has quickly recovered from oversold territory, indicating waning short-term downside momentum. Price has stabilized above the 4380 support level, with the previous support zone at 4300 further reinforced, confirming clear bottoming signals. 4-Hour Chart Price has broken above the short-term moving average resistance, and the moving average system is gradually converging and turning higher. The rebound has seen moderate volume expansion as bullish strength accumulates. The Bollinger Bands show signs of contracting and stabilizing, presenting an overall pattern of a consolidative rebound. However, caution is warranted against resistance overhead, with potential for a short-term pullback. The failure to hold above key resistance during yesterday's U.S. session means next week's economic data will be critical in determining whether a true reversal is underway. 1-Hour Chart Price remains within a broad consolidation range, with no reversal yet confirmed. The short-term structure shows a consolidative upward bias. A sustained hold above 4470 next week would signal a strengthening bullish outlook. If short-term pullbacks hold above 4496, the uptrend is likely to continue in the absence of significant negative news. Specific movements will depend on weekend news developments. III. Key Levels and Trading Approach Support Levels Primary support: 4470. Holding above this level opens the door for a second push toward 4600. Critical support: 4400. A break below would increase the likelihood of range-bound trading, though a bullish bias remains as long as this key defense holds. Resistance Levels Main resistance: the 4600 level, considered a short entry zone. Near-term resistance range: 4580–4600. If bulls fail to achieve a clean break above 4600 next week, the likelihood of further gold price consolidation increases as April approaches. Trading Approach Short-term trading on Monday should prioritize selling on rallies, complemented by buying on pullbacks. Strict risk management with controlled position sizing and stop-loss discipline is essential. Avoid holding losing positions against the trend. IV. Monday Trading Strategies Short Strategy Sell on a rebound into the 4590–4600 zone, with a stop-loss at 4620. Initial targets are 4550–4500, with a break extending downside toward 4470. Long Strategy Buy on a pullback to the 4460–4470 zone, with a stop-loss at 4440. Initial targets are 4530–4570, with a break extending upside toward 4600. Thanks to the TradingView community. As a senior investment analyst, this allows more traders and investors to see my trading strategy analysis.Currently focusing on gold trading. If you like my analysis, please give me a thumbs up and share it with more traders who might need it. We strive for precise trading, deeply researching charts, macroeconomic drivers, and market sentiment to build high-probability trading strategies. Here, you will find structured trading plans, risk management frameworks, and real-time analysis.