XAU, #gold chart shows that movements continue to lean to the right. Buyers are not strong. A correction may occur.


In the upward trend, the pink box area between 4831-4871 could act as resistance.
To get a clear signal, we are monitoring the 4646 support level. If it holds, a rebound could happen.
If it stays above 4871, the rise could continue toward the 4900-5119 zone. This area may act as resistance.
If it closes above the 5421 peak, the continuation of the upward movement is expected.
If it closes below 4646, there is a Fibonacci 0.618 support at 4382, and a reversal confirmation could lead to a new rise.
If the decline continues further, the last bottom at 4046, where a reversal occurred, could serve as support.
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