The retail sales monthly rate data released Friday evening had limited impact and did not generate significant volatility in the gold market. Looking ahead to next week's trend, whether gold can expand its rebound remains uncertain, though a major reversal is unlikely to occur. Bullish forces will likely target the 3360-3375 resistance zone.
From a 4-hour technical analysis perspective, key resistance for gold is concentrated in the 3350-3355 range. Should next week see a pullback to this level, it is recommended to maintain a bearish bias and anticipate further downside movement. The 3300 round number serves as crucial support below, warranting close attention. Daily chart analysis indicates that before effectively breaking through and establishing above 3350, any form of rebound can be viewed as shorting opportunities. Overall operations should maintain the core strategy of following the prevailing trend.
Trading Recommendation: Next week, consider short positions if gold rebounds to the 3350-3355 area, with stop loss at 3363 and target levels at 3320-3300.