#XAUUSD #GOLD $XRP
The market is likely to enter a consolidation and bottoming phase next week, meaning the medium-term uptrend has not yet fully reversed.
The core trading range for spot gold next week is expected to be $4,850 to $5,060 per ounce.
At the beginning of next week, gold prices may continue to consolidate weakly, focusing on testing the $5,000 support level.
If this support holds, gold prices are expected to gradually rebound, testing the $5,050 to $5,100 resistance zone.
Conversely, if gold prices break below $5,000 during the trading session, they may further decline towards the $4,850 support line.
Overall, the current short-term pullback appears to be profit-taking at higher