4/27#XAU 4644 If it doesn’t break down, there won’t be a large-scale drop. If it gets close to around 4644, you can look for a low entry there. Today it rebounded again to around 4740. From what we can see now, this is a correction for the up move from 4100. After the correction ends, there will be another upward move of the same level, at 5020, or in other words 5120. Our observation points are 4644, and the red support zone below is around 4600. As long as this line doesn’t break, the correction can end at any time and the price can keep moving up. If it breaks below, it may turn into a deep correction. Right now, I still have a core position at 4670. Later, after the gold rebound ends, there will be a large-scale short opportunity. At that time, I’ll go all-in with all my bullets, and let’s use time and results to speak.