Gold Price Analysis 2026.04.01

In yesterday's post, I mentioned the importance of 4603 and clearly stated that the short-term rebound from 4100 in XAU will not end soon. After breaking through 4603, it quickly surged by 120 points. What’s next?

If we view the rebound from 4100 as a simple three-wave upward movement, then the strength of the first wave directly determines the overall height of this rebound:

If gold cannot break through the blue zone shown this week, then the first wave of upward movement is likely to end, followed by a correction targeting the first wave. After the correction, there will be another upward move of similar magnitude. It’s important to note that if the blue zone is not broken, this subsequent correction could be deeper, which would be a good opportunity for us to enter long positions.

If gold breaks through the resistance in the blue zone this week, then the red zone may mark the end of the first wave of upward movement. There will also be a correction along this path, and after the correction ends, another rally could complete the entire rebound. This scenario could lead to a substantial upward move, potentially reaching 5200+ or even near a new all-time high.

The above is just my personal opinion and should not be considered investment advice.