Keep an eye on 3950—an opportunity to buy on the rebound.GoldOANDA:XAUUSDTop-tier_traderThe market has recently experienced repeated "roller-coaster" movements, characterized by wide fluctuations, and this pattern of broad oscillation is likely to persist. The current trend is very similar to that of Monday's Asian morning session. This decline has not broken through the lower Bollinger Band, and the Bollinger Bands are generally in a narrowing state. The 1-hour chart shows the price undergoing wide fluctuations at the lows. If the 3950 level holds, the market may begin to consolidate a bottom structure on the 1-hour timeframe and initiate a gradual rebound. This means that the decline is unlikely to continue indefinitely, and instead presents the best opportunity for short-term speculative rebounds. The key level to watch for a potential bottom is around 3950. If a rebound begins during the European session, the first target is 4050. The trading strategy will then be adjusted based on the ADP data during the US session.