On the 4-hour gold chart, the short-term structure actually doesn't look good.

$XAU The price is still below MA7, MA25, and MA99, indicating that the trend has not truly recovered.
The 4000 level is a short-term psychological threshold. Before it can be reclaimed, we cannot rush to treat it as a reversal.
Next, we mainly need to watch three levels:
First, whether 4000 can be reclaimed.
If it cannot be reclaimed, any rebound can only be seen as a weak recovery.
Second, whether 3940–3950 can hold.
If this level breaks, the next target could be 3880–3900.
Third, how the area around 4080–4100 moves.
If there is a rebound back to this range, I will prioritize reducing positions and relieving pressure, rather than thinking about big profits first.
My current thinking is simple:
The long-term logic for gold is valid, but until the short-term chart is repaired, control your position size and don't hold on stubbornly.