Gold (XAUUSD) London Gold V Reversal Does Not Change the Range! Daily K Midline Watershed!

Last Friday, gold prices moved with a "drop first, then rise, then fall back" rhythm, with two V-shaped moves during the day.
The large V-shaped rebound on Thursday continued into the first half of Friday, but was pressed down again in the second half—this pullback is not surprising:
First, a single-day increase of over 200 points, and second, it hit the resonance resistance at the daily and 12-hour levels.
Currently, after the pullback, there are signs of short-term stabilization, and a correction wave is expected to unfold first.
Technical aspect: The current phase is in a resonance correction cycle at the daily, weekly, and quarterly K levels.
Especially at the weekly K level, the previous sell-off low was around 4100, and this round of adjustment is not yet complete, with medium-term fluctuations expected to continue.
Today’s market details:
· In the short term, the support around the 30-minute lower band at 4510 has halted the decline, and the 1-hour lower band support at around 4490.
· The support resonance zone at 2/3/4 hours is between 4485-4495, and the resonance support at 6/8/12 hours is between 4510-4520.
· In summary, 4510 and 4490 are two key reference levels for long positions.
· The daily K descending channel remains clear, with current resistance around 4590.
Today’s trading reference:
· Going long: Light positions near 4510 to test the long side, and if it pulls back to around 4490, add more! $XAUUSD