XAU Script Sharing: The following content only represents personal opinions and does not constitute any investment advice. The market carries risks; invest cautiously.

Figure 1: From a weekly chart perspective, the highest point on January 29th touched 5600, followed by a retracement to 4100 on March 23rd; and it broke below the previous breakout platform. Overall, the larger trend remains a bullish structure and has not been damaged; this is a correction accompanied by consolidation and repair. The weekly close is around 4700, which is exactly within the oscillation equilibrium of these past few weeks. This week’s bullish candlestick first provided a signal that the decline is stopping and a rebound is starting.

Figure 2: This is a four-hour ascending channel. The channel’s midline at 4830 is a resistance level; when the price moves into this area, it will inevitably face pressure, pull back, and consume the trapped positions above. The best approach is around 4630 as the top-bottom conversion zone, focusing mainly on buying the dips.