Today, Xau's overall price action is in a weak, volatile phase following a sharp drop. All rebounds are merely corrections after the decline, not a trend reversal. Be extremely cautious when trying to buy against the trend. The first resistance level today is 4060-4080. If the price fails to hold above 4080, the bearish trend will remain unchanged. The key support level is 3970-3950. A break below this level will open up further downside potential. If the price strongly holds above 4080, it indicates that the bullish correction is stronger than expected. Only after a pullback to 3960 and a stabilization signal can a small long position be considered, but this is a counter-trend trade and carries high risk. The stop-loss should be set at 3925. Pay close attention to 3925; as the starting point of this upward move and a key support/resistance level, a break below this level is crucial.