$XAU

XAU
XAUUSDT
3,988.5
-3.06%

Gold Daily Chart

I believe today's candle close will lead to further declines.

As we can see, the monthly pivot level of 4987 was strong support for the price, but it has been broken.

The channels representing the trend over the past two months have also been broken.

The nearest support level is 4694.