Weekly Gold Summary

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Weekly Gold SummaryGoldOANDA:XAUUSDSilas_winThis week, gold saw a sharp rebound after a deep decline and wide-range volatility, mainly driven by the U.S. dollar, U.S. Treasury yields and safe-haven sentiment in the Middle East. Our key level forecasts were highly consistent with market movements, and targets were accurately achieved on multiple occasions. Market Trend Review At the start of the week, gold oscillated near 4460 at a high level. Supported by a weaker U.S. Dollar Index, a sharp drop in the 10-year U.S. Treasury yield, coupled with safe-haven buying from the Middle East, prices maintained strong volatility. We accurately outlined key ranges: support at 4400–4410, strong support at 4374–4380; resistance at 4450–4460, strong resistance at 4480, and the market traded entirely within these levels. Subsequently, gold broke through resistance and successfully reached the 4500 target zone. Overall, it maintained a strong high-level oscillating pattern without effectively breaking below core support. Safe-haven demand and a weaker U.S. dollar continued to provide upward momentum for gold prices.