Gold Update

$XAU Gold saw a deeper correction after losing 4,643 support and dropped toward 4,555, where it found buyers. It is now trading around 4,600, facing resistance.

A break above 4,600 could push price toward 4,642, which has turned into resistance.

However, 4H MACD remains negative, so downside pressure is still active. If 4,600 fails, price may retest 4,555 again. Below that, next support is around 4,500.

Not Financial Advice