What will be the gold market trend next Monday?

Brothers, let me first give you an overview of the gold market direction for next Monday, in plain language—easy to understand and remember!

Let's start with the technical analysis and Friday's situation: gold continued to rise on Friday, closing with a long bullish candle. The key point is that the non-farm payroll data was released on Friday, which was close to market expectations, with the unemployment rate dropping slightly. Influenced by this data, gold broke through the 4500 level, reaching a high of 4517 before pulling back. During the after-hours, it dipped to around 4481, then rebounded again.

Why did it rise so sharply? On one hand, the current trend is upward, with momentum; on the other hand, the non-farm data wasn't ideal, and the market thinks the Federal Reserve might cut interest rates. Plus, there are some geopolitical risks, so everyone is buying gold as a safe haven. Therefore, the bulls are still in control.

Now, let's look at the larger cycle: on the weekly chart, gold has been oscillating at a high level supported by short-term moving averages, with a high probability of continuing to make new highs next Monday. On the daily chart, Friday's breakout of previous resistance levels and the upward movement of the candles along the short-term moving averages suggest that the next step is to watch whether there will be a small correction to repair before continuing to rise.

Finally, here is a short-selling strategy for reference (adjust in real-time based on actual market conditions):

Strategy: Wait for gold to rebound to around 4540-4545, then buy short positions in batches, using one-fifth of the position size. Set a stop loss at 8 points, with initial targets at 4510-4500. If it breaks below that, look further down to 4490.