$XAU (Gold) The rally that started from 4282 is still considered merely a rebound. After the rebound ends, there will be another round of declines.
Both of the two targets previously given—4396 and 4473—have already been reached. The overall outlook remains unchanged: as long as it stays above 4473, it is still in a dangerous zone and is likely to trigger a pullback.
If it breaks below 4456, then the rebound from 4282 can be confirmed to have ended. The market will return to a downtrend, and the first target to watch is 4396.
Both of the two targets previously given—4396 and 4473—have already been reached. The overall outlook remains unchanged: as long as it stays above 4473, it is still in a dangerous zone and is likely to trigger a pullback.
If it breaks below 4456, then the rebound from 4282 can be confirmed to have ended. The market will return to a downtrend, and the first target to watch is 4396.
