Jin Dachuan 3.2 Monday Early Morning Gold Weekly Market Outlook

Brothers, Jin Dachuan has already prepared your weekly gold market analysis!

Last Saturday, a large-scale conflict erupted in the Middle East, causing gold's safe-haven properties to spike directly. Coupled with rising oil prices boosting inflation expectations, the dual drivers of safe-haven and anti-inflation give the bulls the greatest confidence this week! Currently, there are no signs of easing in the conflict; the probability of Iran retaliating and the U.S. increasing military presence is very high. The geopolitical risk premium will continue to support gold.

Last Friday, gold strongly broke through the previous resistance at 5200, turning support into resistance, which now becomes the key support level for this week! The daily chart shows a bullish arrangement, and the 4-hour chart is strengthening along the upper Bollinger Band. The upward structure is complete, with ample momentum. Closing above 5280, the short-term correction space is locked. Today’s opening is likely to gap higher, directly pushing into the 5300-5350 range!

If the price effectively breaks through 5350, the next target is directly above 5400, even potentially hitting a new all-time high!

This week, follow Jin Dachuan: focus on buying on dips and be cautious with shorts. Seize this trend opportunity, stay defensive, and sit tight to profit!

Risk Reminder: The above is only market analysis and does not constitute investment advice. The market carries risks; trade cautiously.