Wide-range sweeping remains the main themeGOLD (US$/OZ)TVC:GOLDChuck_WilsonThe monthly chart closed with a doji, retesting the 10-day moving average. Although the current high inflation background increases the probability of a Fed rate hike, putting pressure on gold's fundamentals, the buying support below is equally strong, creating a wide-range sweeping pattern for gold in the medium term, which is expected to continue until mid-June, when the new Fed Chairman Warsh holds his first interest rate meeting. If there are no fundamental catalysts over the weekend, then next week will still be about buying low and selling high. Detailed entry and exit points will be provided after the market opens on Monday.