XAU gold has been moving more clearly recently compared to earlier. The movement starting from 4697 is most likely a pullback targeting the 3942-4697 rise. After this pullback ends, there’s still another same-level upward movement, completing the rebound for the entire black segment of the decline shown in the chart. If it stabilizes above 4430, the adjustment may already be over, and under this path, 4252 would be the pullback endpoint. For key support below 4252, refer to 4168.822. If the daily candlestick closes below this level and fails to recover, the probability of another same-level rebound like 3942-4697 will decrease.