Core Rebound Logic for GoldGoldOANDA:XAUUSDAlbie_Walker# 📈 Core Rebound Logic for Gold 1. **Technically Severely Oversold, Strong Rebound Potential** Gold prices plummeted by over $150 in the last 24 hours, falling more than 3.5% from a high of $4889 to a low of $4715. Daily, 4-hour, and 1-hour charts all show severely oversold conditions (RSI < 30). Historically, after a single-day drop exceeding 3%, there is an 85% probability of a rebound within 24 hours, with a rebound range of $30–50. $4730 is a short-term stabilization point, and $4700 is a psychological support level. A break below this level would attract bargain hunters, driving a technical oversold rebound. 2. **Bearish Momentum Waning, Selling Pressure Gradually Dissipating** Since the high of $4889, bears have launched a continuous offensive, resulting in substantial profit-taking. Selling pressure around $4730 is gradually weakening. The $4700–$4730 range has seen intense trading between bulls and bears, with panic selling decreasing, and bargain hunters beginning to tentatively enter the market. Short-term bearish momentum has exhausted, and a rebound is imminent. 3. **Limited Gains in USD & Treasury Yields, Downside Pressure on Gold to Ease** The US dollar index is approaching its previous high-pressure zone at 98.39, while the 10-year US Treasury yield faces strong resistance above 4.294%. With the ceasefire extended, market focus will return to Fed policy. If economic data weakens, the US dollar and Treasury bonds will likely see a pullback after their recent rise, reducing downward pressure on gold. Short-term strength is unlikely to be sustained, but the medium-term outlook is favorable for gold.