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Hello everyone, I am your familiar analyst. As 2025 is about to come to an end in the blink of an eye, how was this year's trading performance? Regardless of the outcome, the key is to thoroughly review the process, and once the mindset is adjusted, a new cycle can be approached more steadily.
Gold performed aggressively this week, continuously forming large bullish candles, with prices breaking upward all the way. The market maintained a predominantly bullish and long-biased rhythm, reaching a new high of $4550 on Friday. From both technical and market sentiment perspectives, the bullish momentum is still strong. In the short term, avoid rushing to catch the bottom or guess the top unless a black swan event occurs; otherwise, stick to the bullish outlook.
For trading advice, it is more prudent to establish long positions at lower levels. Next week, focus on the support levels at 4510 and 4480, where there is a chance for a pullback and further accumulation. The target above is around $4600, with a high probability of continued breakthrough.