Gold did not break below 4600 and experienced a sharp surge this morning driven by news factors.

Therefore, today's tweet has made a slight adjustment to the small-level analysis of gold, mainly based on the rebound level starting from 4100.

Red line: The movement of gold from 4100 is a rebound of the entire decline from 5600 to 4100. If it can break through the 4910-4930 level and stay above it in the near term, the likelihood of this route will increase. The subsequent rebound target for gold will be near the historical high, with 5300-5450 as a possible endpoint.

Blue line: The rebound of gold from 4100 targets the decline from 5420 to 4100. If it encounters resistance around 4910 and begins to retreat in the near term, the likelihood of this route will increase. In this case, the subsequent rebound target will be below that of the red route, with 5100 as a possible endpoint.

Regardless of which route it takes, the movement starting from 4100 is most likely a rebound rather than a new rally. After the entire rebound from 4100 ends, gold will either undergo another decline of the same level or choose to consolidate sideways to digest this decline of the same level. This is the upcoming trend. I will follow up again when the rebound enters its final stage.