Gold Price Analysis for April 1, 2026

Yesterday's tweet mentioned the importance of 4603 and clearly indicated that the rebound starting from 4100 in gold prices would not end in the short term. After breaking through 4603, the price quickly surged by 120 points. What’s the outlook now?

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

If gold cannot break through the blue zone shown this week, then the first wave of the rally 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 quite deep, which would present 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 could mark the end of the first wave of the rally. There will also be a correction along this path, and after the correction ends, another upward move could complete the entire rebound. This scenario could lead to a substantial rally, potentially reaching 5200+ or even approaching a new all-time high. #XAU $XAUT