Kuala lumpur: Gold futures on Bursa Malaysia Derivatives are expected to maintain a positive bias next week, tracking gains on the US Commodity Exchange (COMEX).

According to BERNAMA News Agency, RHB Investment Bank Bhd (RHB IB) stated in a note on Friday that it would retain a positive trading bias, provided prices remain above the US$4,000 per troy ounce level. The bank identified an interim resistance at US$4,600 per troy ounce, suggesting that gold may enter a consolidation phase, with support anticipated near US$4,200 per troy ounce.

RHB IB noted that both the 20- and 50-day simple moving average lines are currently upward trending and continue to offer downside support. They advised traders to maintain the long position initiated at US$3,562.90 per troy ounce, the closing price on September 2, 2025. To manage risk, the stop-loss level is set at US$4,000 per troy ounce.

The first support level is seen at US$4,200 per troy ounce, with a lower support threshold at US$4,000. Immediate resistance is pegged at US$4,600 per troy ounce, with a higher resistance level at US$4,800.

On a week-on-week basis, the January 2026 contract eased to US$4,401.8 per troy ounce from US$4,505.10 a week earlier. Similarly, the February 2026 contract slipped to US$4,417.3 from US$4,520.60, while the March 2026 contract declined to US$4,433.9 from US$4,537.30. The April, June, and August 2026 contracts also settled lower at US$4,451.9 per troy ounce, compared with US$4,555.30 previously.

Weekly trading volume rose to 441 lots from 209 a week earlier, while open interest increased to 151 contracts from 95. In the physical market, gold was fixed at US$4,367.8 per troy ounce at the London Bullion Market Association afternoon fix on December 30, 2025.