Gold initially rose near 4800 in the morning, then retreated, declining from a high to around 4770, then rebounded again, reaching 4805 at midday before falling back, currently fluctuating around 4787.



The current market trend has shifted from a rebound upward to a sideways decline, with a clear death cross signal on the technical chart, and a double top pattern confirmed, indicating further downside potential.

Trading suggestions

Sell high in the 4800-4830 range during the rebound, target 4770, and if broken, look for 4750-4720.
XAUT-0.4%
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