XAU Gold Market Analysis 2026.05.29 On 5.26, we mentioned that breaking below 4530 would lead to further declines, with a target range of 4380-4400. Yesterday, we emphasized the importance of 4380 again, and after testing this level for support, we saw a V-shaped rebound. Has gold's correction ended? What's the outlook now? To determine if the pullback is over, there are two key observation points: 1️⃣ Before 6.5, a 4-hour K-line entity breaks above the 4580 level. 2️⃣ Before 6.5, a 4-hour K-line does not fall below the 4425 level. If either of these scenarios occurs, it increases the likelihood of 4365 being the correction's endpoint. Once the correction is confirmed to be over, the rally starting from 4365 will be on the same scale as the 4100-4890 move, with a target of 5000+. Ideally, gold should not fall below 4365 in the future. Otherwise, the pullback starting from 4890 could develop into a new downtrend. As mentioned yesterday, the 4258-4267 range remains the lifeline. Breaking below this range would significantly increase the probability of a new downtrend.