1. Buy at Range Lows: Consider buying near the lower boundary of the 2595–2635 range, with a $10 stop loss on any effective breakdown. The initial target is the upper end of the range at 2635. 2. Support and Rebound Potential: As expected, gold dropped to a low of 2589.50, testing the direct support of a long-term upward trendline. If short-covering fuels a strong rebound, support around 2597–2604 could hold and potentially drive prices back to 2645–2686 in the coming days. 3. Bullish Setup and Key Levels: The bullish trendline on the chart suggests potential support, aligning with our outlook for a rebound. Key targets include the previous high of 2627, followed by 2645. A breakout above 2645 could extend the rally to the next target at 2686. As long as gold holds above 2600, the outlook remains bullish. However, a break below 2600 may trigger further downside in the near term.