Gold Market Outlook $XAU Upcoming Time

Last week, I forecasted that international gold could recover to the 4,900 USD area and advised members to consider reducing their positions as the price approaches the 4,800–5,000 USD zone. Currently, the important question is: has this rebound ended or not?
Decision Point: 4,650–4,700 USD (4H Chart)
The 4,650–4,700 USD zone is a key support on the 4-hour chart.
If the price closes a 4H candle clearly breaking this zone (note: only pull back and then push up, not just a wick), then the rebound is considered over. At that point, gold may enter a deeper correction phase, heading toward the 4,300 USD zone, or even 4,000 USD.
If it does not break through effectively, gold still has room to continue recovering, testing back the 4,900–5,000 USD range.
However, even in the scenario where the price continues upward, the 4,900–5,000 USD zone remains a strong resistance area and is suitable for short-term position reduction, not a point to chase buying.
Medium-Term Perspective
March closed with a sharply declining monthly candle, indicating that selling pressure still dominates. Therefore, April is likely not a strong breakout period but rather a consolidation and fluctuation phase.
The high-probability scenario is that gold will return to test lower support levels such as 4,300 USD or 4,000 USD in the next few weeks. Thus, a reasonable strategy is:

• Do not chase buy during hot price increases
• Reduce positions at resistance zones
• Wait to buy on dips at strong support levels
  Conclusion
  Whether gold revisits the 4,900–5,000 USD range or not, the overall trend still leans toward returning to the 4,300–4,000 USD zone within the next 2–3 weeks. April is likely to be a sideways phase with wide fluctuations. Patience for good entry points at support, risk control, and strict capital management will be more important than trying to catch the top or chase short-term waves.