XAU Gold Market Analysis 2026.04.09 Gold accelerated upward yesterday after the temporary easing of the US-Iran conflict, but there was no follow-through afterward. This confirms the view that 'this rise is essentially just a rebound.' Specific historical events and news can only accelerate the market process but won’t change its trend. If the rebound from 4100 corresponds to the blue segment of the decline shown in the chart, then it has already met the basic requirements. In other words, the rebound is either about to end or has already ended. If it subsequently breaks below 4553, it will confirm that gold will follow the blue path. If this week or next week it can break above 4910 (the blue zone shown in the chart), there’s still a possibility of following the red path. Under this scenario, after the first wave of the rebound from 4100 finds its endpoint, if the pullback doesn’t break below 4553, there will likely be another wave of the same level of upward movement. The endpoint of the entire rebound might extend near the historical high. If gold doesn’t break below 4553 in the next day or two, I personally still lean toward at least one more rebound high above 4860. There are two resistance levels worth paying attention to above: the 4910-4930 range and the 5010-5025 range. For those who can’t accept the idea that 'trading is a game of probabilities, and the market is dynamically changing,' I believe it’s hard to succeed in trading. Sooner or later, a rigid mindset will lead you into a trap.