This week's performance of gold has been nothing short of perfect, with the predicted logic gradually materializing in the market. From both the news and technical perspectives, expectations of a Federal Reserve rate cut are becoming increasingly strong. Coupled with geopolitical uncertainties, the support for gold prices to rise is quite solid. US economic data has also been underwhelming, further reinforcing market expectations for easing policies, ultimately helping gold break through the critical level of 4500 smoothly.

Friday's market movement best demonstrated the dominance of the bulls — from an opening at 4465, it surged strongly past 4500, closing at 4532, and even reached 4550 at midnight. Throughout the day, there was hardly any significant pullback, with only a brief dip to 4510. Overall, the market was oscillating upward at high levels. Our long positions remained unchanged from start to finish, with precise entries at each key point.

Looking at the weekly chart, combined with the early Saturday trend, gold rebounded near 4510, then surged to 4550, followed by a slight pullback. This rhythm was entirely within expectations — the bullish momentum has not yet dissipated, and the upward trend continues. Moving forward, we should keep a close eye on Federal Reserve officials' statements and US inflation and employment data, as these signals will continue to influence the medium- and long-term direction of gold.

Looking ahead to the week, our trading strategy remains anchored on buying on dips. The key support zone is around 4495-4500. If gold pulls back to this area after the Monday open, it will be an opportunity to add positions; conversely, if it breaks through 4550 smoothly, it is likely to test the highs around 4569-4577 next.

In terms of specific operations: when the price pulls back to the 4490-4500 range, go long directly; if it further drops to 4480-4485, add to your position. The initial target is 4550-4555, and if the level is broken, hold on for further gains.