What is waiting for the golden limit sideways trend? XAU 2026.04.28 The gold price is currently trapped in the range of 4650-4850, mainly due to intensified inflation concerns caused by oil prices, strengthening expectations of high interest rates from the Federal Reserve, and increasing the holding cost of gold. As the FOMC approaches, the probability of interest rate cuts within the year has decreased, and the confirmation of the new chairman's nomination has added policy uncertainty. Although various factors continue to suppress gold prices in the short term, long-term structural benefits (such as debt, tariffs, military spending, and other fiscal deterioration) remain unchanged. Large cycle players can wait for the geopolitical noise to subside, and gold is still expected to emerge from the upward trend after the adjustment is completed. Technically speaking, the viewpoint of gold remains unchanged from Sunday's video - the black line in the diagram represents a complete decline, and the rebound from 4100 is aimed at this decline. If it falls below 4640, it indicates that the first wave of rebound from 4099 has ended (blue segment), while the rebound from 4891 is targeted at this rebound (red box). After finding the endpoint of the rebound, there is still a rebound of the same level; Before falling below 4640, there is still hope for gold to test the pressure of the 5020 line. If it cannot break through before starting a correction, finding the end point of the correction and following the former will also result in a period of similar level rise. Both of the above situations are based on the stage bottom of 4099