Gold XAU is in a major upward trend, and the upward trendline hasn’t been broken. The long-term bullish structure remains intact. A T9 reversal indicator has appeared on the 4-hour chart, along with a double-bottom rebound on the 4-hour timeframe! Mid-Autumn Festival and National Day are bullish for gold sales . Personally, I think this wave won’t break below 4200. With rate hikes, rising oil prices, a strong dollar index, and high bond yields—despite all these bearish factors—gold hasn’t seen a major drop. After a few days of consolidation, it should climb back to 4400 next week.