Precious Metals Market Outlook and Analysis

Yesterday, the key level of 4500 was clearly emphasized as bullish. Benefiting from positive US non-farm payroll data, gold surged upward to 4515, fully confirming the previous judgment.

At present, the upward momentum of gold remains sufficient, entering a stage of exertion, with continued focus on the historical high near 4550. The large bullish candlestick at the bottom of the hourly chart provides solid support; even if the price retraces below 4480, there is still enough momentum to push higher and break through the 4500 resistance. The market expects gold prices to continue rising next week. For those who have not yet entered the market, there is no need to rush; good opportunities will still appear. The key is to follow the market’s rhythm and pulse.

Trading reference idea: go long around 4480, set stop-loss at 4465, and target 4550.