$PAXG $XAUT Technical analysis suggests a continuation of

$PAXG $XAUT Technical analysis suggests a continuation of the rebound, but key resistance has not yet been effectively broken.
Technical Analysis: Although gold rebounded strongly on Friday, it has not completely escaped the bearish pattern.
Currently, gold prices are encountering significant resistance around $4560, and a decisive breakout has not yet been achieved in the short term. The Relative Strength Index (RSI) still shows bearish momentum, but it has broken through the previous high, suggesting that bearish forces are weakening.
If gold prices can break through Thursday's high of $4544, they are expected to further challenge the $4605 area where the 100-day Simple Moving Average (SMA) is located. This will become the next important resistance level. If it continues to rise, the market will focus on the March 20 high of $4736 and the $4800 level.
On the downside, if gold prices break below $4400 again on the daily chart, the next support level will be the March 24 low of $4306, followed by the March 23 low of $4098. This means that the $4400 level is becoming a crucial watershed in the short-term battle between bulls and bears. The market remains in a "waiting for confirmation" phase; next week's focus will be on non-farm payrolls and Powell's remarks.
Although gold prices rebounded this week, the overall market has not yet reached a consensus on its direction.
Looking at next week's schedule, market focus will shift to US economic data and speeches by Federal Reserve officials. While the Easter holiday will shorten the trading week, a dense release of important data is scheduled, including JOLTS job openings, consumer confidence, ADP employment data, retail sales, ISM manufacturing PMI, initial jobless claims, and the most closely watched US non-farm payrolls report.
In addition, Federal Reserve Chairman Powell's public discussion at Harvard University will also be closely watched. For gold, these data and speeches will determine the market's latest assessment of the US economy, inflation, and monetary policy path,