Gold accelerated its rally yesterday after a temporary easing of the US-Iran conflict, but no sustained follow-through was seen afterward, which validates the view that "the rise here is essentially just a rebound." Specific historical events and news only accelerate the market’s pace but do not change its overall trend.

If the rebound from 4100 corresponds to the blue downward segment in the chart, then it has already met the basic requirements, meaning the rebound is about to end or has already ended. If the price then breaks below 4553, it confirms that gold will follow the blue route.

If this week/next week the price can break above 4910 (the blue zone in the chart), there is still a possibility of following the red route. Under this path, if the first wave of the rebound from 4100 reaches its end and the pullback does not break below 4553, there could be another wave of similar-level rally. The entire rebound could potentially extend its endpoint near the historical high.

If the price does not break below 4553 in the next two days, I personally lean toward there being at least one more rebound peak above 4860. There are two key resistance levels to watch above—around 4910-4930 and 5010-5025.

For those who cannot accept the idea that "trading is a game of probabilities and the market is constantly changing," I believe it will be very difficult to succeed in trading. Sooner or later, they will fall into a trap due to rigid thinking.