Gold price outlook for next week—and how to trade it.GoldOANDA:XAUUSDHarry_Williams_iCan gold continue its upward trend? What is the trading outlook for next week? While the charts illustrate a projected scenario, actual market movements could unfold in the opposite direction. Several news updates emerged over the weekend: 📰 The world’s largest gold ETF increased its holdings by 5.13 tonnes. 🥇 Geopolitical tensions have escalated. ⚔️ A new bill regarding U.S. presidential exemptions has been introduced. 📜 A vessel in the Strait of Hormuz has once again come under concentrated fire. 🚢 These developments are likely to have a substantial impact on gold, the U.S. dollar, and oil. 📊 Based on this information, we might anticipate the following: oil prices could rise, the U.S. dollar may strengthen, and gold prices could decline. (Barring any other major news that might shift the narrative on Sunday, the outlook for gold next week will likely lean toward a bearish/short-selling bias.) 📉