How to operate the gold market opening next Monday? Analysis of the trend of international gold next week (1/1)

Gold market trend forecast next week
In the U.S. market on Friday (October 6), the price of gold was trading around $1,832 per ounce. The U.S. non-farm payrolls report on Friday once pushed spot gold to a new seven-month low of $1,810.39 per ounce, but then rebounded sharply from the low. Gold prices are likely to remain within recent ranges next week. Remain unchanged to rise, but could hit lows early next week with gold prices falling sharply.
On this week's daily chart, spot gold's RSI is below 20, which is quite rare and has only happened three times in the past 20 years. Considering the market has priced in quickly and the March lows were just below current prices, the bar for continued decline is very high. It feels a bit like a trap at the moment. Wang Jinsheng believes that a correction may not necessarily bring a bottom, but this possibility exists. This is more of an oversold bounce, setting the stage for sellers to emerge at lower high resistance, especially if yields are still rising.
The downward momentum in gold prices is weakening. For a few days at least, Kinsuke looks like it may be ready for a rebound, and yesterday's market moves were encouraging, no doubt about that. It has seen support near 1810 for two consecutive days, which is also an important low since March. Currently being retested and it's still holding up. We'll see, but so far so good. Inflation data will be the focus in the coming week. The U.S. September PPI and CPI will be released next Wednesday and next Thursday respectively. These two data should give the market a better understanding of the Fed's next move. CPI data is expected to show that inflation is weakening, which would be positive for gold.
(The above analysis points are for reference only, please bear at your own risk)