Gold (XAU) is still in a long-term uptrend, currently undergoing a cyclical-level correction within the upward movement. The previous high at 4700 is acting as resistance. If the market continues to make an extreme correction downward next week, the target range is 4370-4340, which is an excellent spot for short-term bullish setups. Two scenarios: - Break above 4519: This would signal the end of the current weekly-level correction, with potential to hit new highs afterward. - Break below: The market is likely to test the 4370-4340 support zone, where long positions can be considered. Currently, there’s a 15-minute pin bar, so today’s focus is on buying the dips. Key points to watch next: 1. U.S. CPI and other inflation data on Friday 2. Mid-September Federal Reserve meeting 3. Whether long-term U.S. Treasury yields can stabilize 4. Oil prices and geopolitical risks (safe-haven flows could boost gold prices significantly)