Extreme Oversold Sparks Strong Technical ReboundGold vs US DollarPEPPERSTONE:XAUUSDAvaTaylor📈 1. Extreme Oversold Sparks Strong Technical Rebound Gold plunged from record highs to **$4097**, with a short-term correction exceeding 22%. Technical indicators fell into historically oversold zones, signaling full exhaustion of bearish momentum. A rebound after such a deep selloff is market-inevitable. We are still in the mid-stage of this recovery, well short of the rebound ceiling. After minor pullbacks, ample upside remains. Daily moving averages are turning higher, officially confirming a bullish trend. 💵 2. USD & U.S. Yields Weaken Together, Easing Dual Pressure The U.S. Dollar Index dived sharply from 102 to near **99.4**, alongside falling Treasury yields — the core driver of gold’s current rebound. A weaker dollar directly lifts USD-denominated gold, while high-yield headwinds have greatly eased. Capital is rotating from dollars and Treasuries back into gold, driving prices higher. A firm hold above **$4500** further validates the strength of the bullish structure.