Regarding the future trend of gold (XAU), the core views are as follows: The current 4-hour chart shows only a rebound, and it has not yet effectively broken through and stabilized above the key resistance zone of 4660–4700. As long as a confirmed breakout is not achieved, the downward expectation remains unchanged. From the daily chart, there is a clear support area below; once the price falls back to this zone, there is no need to panic — this is actually a very good opportunity for medium-term accumulation. Special attention should be paid to the potential sharp decline during the May Day holiday. Those with the conditions can place orders in advance; if your device does not support order placement, then adopt a phased buying strategy. No one can buy at the absolute lowest point or sell at the absolute highest point; as long as you can buy at a relatively suitable position and sell at a relatively high point, that is acceptable. In summary, there is no rush to chase the rise now; patiently waiting for gold to retrace to the daily support zone and then gradually building positions is a more prudent approach.