"ethereum:0x68749665ff8d2d112fa859aa293f07a622782f38 Gold Market Analysis 2026.05.01 Yesterday’s drop to 4510 signaled the end of the first phase of the overall gold pullback (blue segment on the left in the chart). Two observation points were provided, and ultimately, gold faced resistance and pulled back near the second observation point at 4650. Current price: 4629. What’s next? If we assume the rebound from 4510 is a simple three-wave structure, then 4510-4647 is the first wave of the rebound, and 4640-4560 is the pullback targeting this wave (illustrated by the black line segment: one upward wave + one pullback). As long as the price doesn’t break below 4560, there’s likely at least one more wave of rebound on the same scale as 4510-4647. After completing the entire rebound from 4510, it’s highly probable the price will continue to pull back (blue segment on the right in the chart). Refer to the blue resistance zone in the chart for price levels. If resistance is encountered, it could mark the end of the entire rebound from 4510. After the rebound ends, a drop to the red support zone in the chart could complete the entire pullback from 4891. Once the pullback is complete, the subsequent upward movement will likely be on the same scale as the 4100-4890 rise (red segment on the left)." #GoldAnalysis #MarketTrends #Ethereum