A 300+ Point Rebound and People Are Already Calling It a Bull Market? Be Careful Where You Add to Your Position.
Gold has rebounded more than 300 points, and suddenly many traders are feeling confident again. Some are aggressively adding to their positions, while others are already declaring:
“The bull market is back!”
I’m not convinced yet.
From a technical perspective, key resistance has not been decisively broken, and the daily chart has yet to confirm a sustained breakout. Heavy resistance remains around previous highs.
A rebound can be powerful—but without confirmation, what looks like a short squeeze today could quickly turn into a bull trap tomorrow.
Fundamentally, the picture isn’t one-sided either. The Federal Reserve is keeping rates unchanged, while elevated interest rates and Treasury yields continue to pressure gold. At the same time, central-bank buying and renewed ETF inflows are providing support.
That tells me one thing:
Bulls and bears are still fighting. This is not yet a “close your eyes and buy” market.
The biggest danger isn’t missing a 300-point rally.
It’s mistaking a rebound for a reversal, adding aggressively, and getting trapped halfway up the mountain.
My view is simple:
Hold above key resistance—then we can talk about a new bull trend.
Fail to hold—and the harder Gold rallies, the harder it could reverse.
No chasing. No blind averaging.
Until the market confirms the trend, patience is worth more than impulse. ⚠️
Personal market commentary only. Not financial advice.#Signal# #XAU/USD#
David(001)
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