XAU Gold Market Analysis 2026.04.08 Gold didn’t break below 4600 and surged this morning due to news-driven momentum. So, today’s post includes a slight adjustment to the smaller timeframes for gold, mainly based on the rebound level starting from 4100. **Red Route**: If gold’s rebound from 4100 is targeting the entire drop from 5600 to 4100, and it manages to break through and stabilize above the 4910-4930 range in the near term, this route becomes more likely. The subsequent rebound could reach near historical highs, with 5300-5450 being a possible endpoint. **Blue Route**: If gold’s rebound from 4100 is targeting the drop from 5420 to 4100, and it faces resistance around the 4910 range and starts pulling back, this route becomes more likely. In this case, the rebound endpoint would be lower than the red route, with 5100 being a possible target. Regardless of which route it takes, the movement starting from 4100 is most likely a rebound rather than a new uptrend. Once the entire rebound from 4100 concludes, gold will likely undergo another drop of the same magnitude or consolidate sideways to absorb this same-level decline. This is something for the future, and I’ll provide updates as the rebound nears its end.