2026-04-06 03:29:34

XAU Gold Market Analysis 2026.04.06

Last week, we mentioned that the rebound from 4100 would last for a while, and it is currently progressing as expected. The first wave of gains has captured most of the profits, and additional short positions have been added. The upcoming market trend is now clearer:

Red Path: If gold can break above this week, there is still one final high above 4800. After completing the first rebound from 4100, a similar-level correction will follow. However, it is important to note that this path should not fall below last week's low of 4553; otherwise, the first rebound may have already ended.

Blue Path: The first rebound at 4800 has ended, and currently, a correction is underway targeting the 4100-4800 rally. This correction will be relatively deep, with 4400-4260 as a reasonable range. Once the correction ends, the next rebound could push past 5000+. Under this path, gold must not fall below 4100 again, or the logic will break down. #XAU $XAUT

XAUT-0,25%

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