# Gold Weekly Review: Double Doji Close, Change of Trend Window About to Open

Last week's close showed strong bearish signals, setting a bearish tone for this week. Although Monday did not break below the 4960 key support, the subsequent two days saw repeated oscillations around the $5000 level, with two consecutive doji candles on the daily chart, indicating that the battle between bulls and bears has intensified, foreshadowing a major move is imminent.

From a technical perspective, after rallying higher and pulling back at the beginning of the month, the overall trend remains weak. Currently, the 4960-70 zone has become the short-term key defense line. Considering that intraday indicators are oversold and undergoing repairs, we can first observe the strength of the rebound today.

Upside attention should focus on the combined resistance zone formed by the 5-day, 10-day moving averages and the trend line. This is a strong support line for the entire year of 2025 and has now converted into an important resistance level. If it can break above, the short-term trend will turn stronger; if it faces pressure and pulls back, the downtrend will continue.

Downside support points:

1. First Defense Line: 4960-70 USD (validated multiple times)
2. Second Support: 4920-4850 USD (near the 60-day moving average zone)
3. Medium-term Key Level: 4650-4700 USD (lower edge of major triangle and February secondary low)
4. Bull-Bear Divide: Below 4500 USD (February low)

Operationally, before a clear breakout is confirmed, it is recommended to focus on selling rebounds at higher levels while closely monitoring break-of-support signals.