The rebound of gold XAUUSD is not a reversal; the rebound continues to rise!
Gold initially fell and then rose in the early session, followed by a strong rebound in the afternoon, currently breaking through our resistance at 4450, with the price reaching 4475, and a six consecutive bullish candles on the hourly chart. We will pay attention to the breakout situation at the high point of yesterday's European session consolidation area at 4480; today's European session is likely to continue the trend of yesterday's European session, oscillating between 4480 and 4400.
Entry opportunity: Short near 4470, target 4410-4370