XAU Gold Market Analysis 2026.03.25 It’s clear that gold has been in a rebound trend starting from 4100. I already mentioned this scenario on Sunday, and gold is indeed following the script I laid out. But the key question is: which segment of the decline is this rebound targeting? If we follow the red path, gold is rebounding from the entire 5600-4100 drop. In this case, the rebound is on a larger scale, and the potential targets could be 5150 or even 5278+. Of course, this upward movement won’t happen in one go. After completing the first wave of the rise, there will be a pullback. Once the pullback is completed in mid-to-late April, it could rise again towards late April or early May. However, if gold fails to break 4674 or drops below 4441 this week, it might just be a smaller-scale rebound as shown by the blue line. In this scenario, the rebound would end, and after finding a bottom in mid-to-late April, it would still rise towards late April or early May. Based on these two possibilities, I’ve just taken partial profits on my futures and accumulated gold positions. As for physical gold, I’ve decided to hold onto it. I’ve already captured more than half of the profits from the first wave of the rise starting at 4100. I’m fully patient and confident to wait for the next turning point to capture the second wave of the rise.