XAU/USD: Next Week's Trend Analysis and Trading Suggestions

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XAU/USD: Next Week's Trend Analysis and Trading SuggestionsGold / U.S. DollarFOREXCOM:XAUUSDH_C_02I. Global Central Banks' Gold Purchases Continue to Support Long-Term Gold Uptrend For instance, China's central bank has increased gold reserves for 7 consecutive months, India's gold reserve ratio has doubled compared to 2021, and countries like Thailand and Brazil followed suit in May. Central banks' gold buying, driven by reserve structure optimization and geopolitical risk hedging, provides long-term support for gold prices via sustained demand growth. II. Technicals Show Intense Range Battle at $3,400 Key Level Gold prices, after breaking through $3,400, are oscillating near $3,430. Short-term bulls dominate, but $3,450 acts as a significant resistance. The $3,400 level has turned into strong support— a breakdown could trigger pullbacks. While moving averages show a bullish alignment, overbought technical signals warrant correction vigilance. III. Geopolitical Conflicts Escalate Sharply Israel's precision strikes destroyed Iranian nuclear facilities and decapitated high-ranking officials, prompting Iran's immediate retaliation. With multiple Middle Eastern nations now involved, escalating geopolitical risks strongly underpin the rally in gold and crude oil. Conclusion Geopolitical tensions will sustain short-term upward momentum for gold, but investors must monitor Middle East developments and Fed policy shifts. Prudent position management based on risk tolerance is advised, with caution against excessive leverage in volatile markets. Next Week's XAU/USD Trading Strategy buy@3410-3420 tp:3440-3450 I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.