This week's gold market experienced a breakout after several days of sideways consolidation. Looking back at the weekly trend, from Tuesday to Thursday, gold prices mainly fluctuated within a range, laying the foundation for subsequent upward movement. Last night during the US trading session, the bullish trend officially launched, with prices strongly breaking through the key resistance level of 5250, reaching a high of around 5280, and finally closing at a high level, indicating strong bullish momentum.



From a technical perspective, this breakout carries multiple positive implications. First, the previous high of 5250 has successfully completed a top-bottom reversal, transforming from a resistance level into a solid support, providing a strong defensive zone for future price action. Second, considering the 4-hour cycle and market rhythm, the rally after sufficient accumulation, combined with a strong closing pattern in the early morning, further confirms the bulls' control.

Looking ahead to next week, the current technical structure has shifted to a bullish stance. As long as the 5250 key support remains unbroken, short-term pullbacks will be limited, and each stabilization during a pullback could present an opportunity to establish long positions. If weekend news sentiment cannot be effectively released, gold prices are expected to directly challenge the previous high of 5597, and a breakthrough could further open upward space above 5600.

In terms of specific rhythm, based on current momentum, there is a high probability that gold will open higher or slightly pull back and then continue to rise on Monday. The first short-term target can be set around 5350. If a smooth breakthrough occurs, subsequent targets will be 5400, 5450, and 5500. If the pullback to 5250 confirms support as effective, the current rally could extend further to the 5350-5500 range, with medium-term prospects of reaching new highs.

Operationally, it is recommended to follow the trend, maintaining a mindset of trading in the direction of the market, and to focus on buying on dips before the key support level is broken.
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