XAU Gold Market Analysis 2026.04.06 Last week, we mentioned that the rebound in gold starting from 4100 would continue for a while, and it’s currently moving as expected. The first wave of the rally captured most of the profits, and we even managed to short additionally. The upcoming trend is pretty clear: **Red Route**: If gold breaks upward this week, there’s one last high above 4800. After completing the first wave of the rebound from 4100, it will enter a same-level correction. However, note that under this route, it must not fall below last week’s low of 4553 again; otherwise, it’s highly likely that the first wave of the rebound has already ended. **Blue Route**: The first wave of the rebound ends at 4800, and gold is currently undergoing a correction for the 4100-4800 rally. This correction could be quite deep, with 4400-4260 being reasonable levels. Once the correction ends, the next wave of the gold rally could aim for 5000+. Under this route, gold must not fall below 4100 again; otherwise, the logic becomes invalid. #Gold #XAU #MarketAnalysis #Trading #Investing