Gold prices are expected to continue rising on Monday.

Before analyzing gold price trends, we need to understand the following key facts:

1. 90% of day traders around the world wait for gold prices to fall before buying at a lower price.

2. Most central banks around the world are one of the main factors driving the rise in gold prices.

3. “Black swan” events are inevitable, but their essence often lies in making the best use of market weaknesses to make profits.

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Let me briefly analyze the current fundamentals of the gold market.

Gold prices closed at around US$4,986 last Friday, hitting a high of US$4,990 during the session, and then fluctuated until the close. It is clear that Monday’s opening could see the upward trend continue towards $5,000, a level that is almost within reach.

so:

1. We should not expect a sharp unilateral decline. We should maintain our strategy of buying when prices fall.

2. The daily chart still shows a bullish candlestick shape with a lower shadow, and the price has risen for five consecutive trading days. In the short term, gold prices are showing a strong upward trend, and this momentum is likely to continue.

3. Geopolitical factors continue to affect the market, and major institutions continue to hold gold, which enhances the resilience of gold prices.

4. The main resistance level remains around $5,000. This level may act as resistance, so be wary of any short-term pullbacks. Avoid blindly following short-term tops. Be patient and wait for the price to drop before entering the market.

5. Once gold stabilizes above $5,000, the next target range will be between $5,080 and $5,100. The price target for this week may be $5,400.

6. The secret to buying when prices are falling is to buy during the decline. Buying after a sharp drop in gold prices is the safest and most rational choice.

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