XAUUSD: After a strong rebound, have the bulls returned?GOLD (US$/OZ)TVC:GOLDRonnie_JohnGold prices rebounded strongly yesterday after hitting a low, forming a deep V-shaped pattern. After touching the resistance area, prices fell slightly, which perfectly matched our analysis strategy from yesterday. In yesterday's article, I mentioned the need to be wary of a rebound. Therefore, around 4080, I explicitly stated to wait for gold to rebound to the resistance zone around 4265 before shorting, which successfully reached TP1:4200. Gold rallied strongly on the back of Trump's renewed announcement of improved US-Iran relations. However, whether this represents a complete reversal for gold is still uncertain, as news is volatile. Further unexpected events could lead to another drop, so caution is still necessary. Looking at the 1-hour chart, after the rebound, gold's short-term support is around 4120. If the price stabilizes at this level, there is still potential for further gains. Coupled with the strong short-term upward momentum, the bulls have good momentum, and there may be some continuation in the short term. Therefore, we can enter the market today if the gold price falls back to the 4120-4090 range and stabilizes. We should pay attention to the resistance at 4260, and if it breaks through, we can look towards 4350. We should proceed step by step and gradually.