XAUUSD: Next week operation strategy

Gold rose strongly in Friday's trading, breaking through key suppression and showing momentum through the five hurdles. The continuation of this uptrend suggests that we should continue to ride the trend next week, firmly bullish and actively long on the back of the 1900 round mark.

From the news side, the intensification of the Palestinian-Israeli conflict has led to an increase in safe-haven demand for gold, which is one of the important factors for the rise in gold prices. In addition, signals from the Federal Reserve that it may abandon interest rate hikes are also supporting gold prices. These factors together promoted the soaring price of gold, forming a very strong upward trend. At present, the pressure above gold is mainly from the previous 1940-1945 first-line pressure position. There may be a correction when the price hits this level, and we continue to be mostly bullish in next week's trading.

From the daily analysis chart, the above is concerned about the suppression of 1940-1945, the below is concerned about the support of 1920, and the operation is mainly to step back, and the middle position is always more and less cautious pursuit, patiently waiting for the key point to enter the market.
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