$XAUT Continue to stay bullish. The market surface looks a bit heavy, but the shorts may already be late. For now, the 4-hour structure is still bullish, and the daily has support in the 4007.96 to 4008.38 area. The 15-minute RSI has fallen to 34, clearly oversold, and an upside reversal could happen at any time. In addition, 15-minute volume has dropped to 0.48x of the expected level, indicating real accumulation at the bottom. You can look for an entry opportunity around 4008. For the upside, the first targets are in the 4009 to 4012 range. However, futures are highly volatile—if it breaks below 4006.17, watch the risk and don’t go in too aggressively.