##Fed

📊 Gold Weekly Review & Outlook The market formed a clear oversold recovery this week, driven by Thursday's weak NFP. US jobs data missed expectations sharply, weakening hawkish Fed expectations and giving gold a strong bullish boost. Fundamental view: • Short-term: NFP miss → USD pullback → yield relief → gold recovery window • Medium-term: High-rate environment persists. Strong USD and yields remain the dominant drag. Q2 saw gold's worst quarterly performance in years (nearly 30% max drawdown). Technical structure: • Weekly: 8-week losing streak halted, but downtrend intact. Key support 3943, resistance 4330 — below this, all rallies are corrective. • Daily: Clear bullish recovery. Price above all MAs, Bollinger mid-band reclaimed. Support 4080-4120. • 4H: Strongest momentum. MACD expanding, higher highs. Support 4120-4150, resistance 4220-4260. Next week plan: 1. Long on dips 4120-4150, target 4200-4220 2. Short only if price fails at 4220 with reversal 3. Core bias: follow 4H/daily bullish structure for longs Bottom line: short-term bullish, medium-term bearish divergence. Trade the recovery, don't confuse it with a reversal.