Next Week Gold TrendGold (XAUUSD)CAPITALCOM:GOLDcusxgqCurrent U.S. inflation data has exceeded market expectations, and markets even expect potential interest rate hikes. This has boosted the U.S. dollar index and U.S. Treasury yields, putting sustained downward pressure on gold prices. Meanwhile, geopolitical safe-haven sentiment in the Middle East has faded, leading investors to withdraw safe-haven funds and removing key bullish support for gold. Additionally, physical gold demand has declined, with multiple bearish factors weighing heavily on the market. Although continuous gold purchases by global central banks can shore up prices in the long run and prevent sharp slumps, they can only provide bottom support and fail to reverse the short-term downtrend. Technically, the bearish trend of gold is firmly established with limited short-term rebound momentum. The key resistance level stands at 4600, and the core defensive support is at 4500, which acts as the dividing line of market strength. If this level holds, gold will move within a narrow trading range; if broken, bearish momentum will accelerate sharply, targeting 4450 next. Gold will remain weak overall next week. Prices will first rebound slightly to correct losses before resuming declines, maintaining a weak volatile trend. 🎯 I share trading strategies every day.