Gold (XAU) is currently in a converging triangle within a large range, with the overall weekly trend remaining bullish. Priority is to wait for a breakout from the range for right-side trading. A drop to 4345–4288 presents a short-term long opportunity. If it rebounds to 4446–4510 and faces resistance with clear signs of a pullback, then consider shorts. This area represents a top-to-bottom conversion pressure point, with stop-loss set near 4515. If it effectively holds above 4515, the double-bottom reversal pattern on the 4-hour chart is confirmed, and the upper target can be set at 4600.