XAU, #gold If it maintains the 4646 bottom, it can rise again towards the 4831-4871 range.


This area is also a zone where sellers are strong. A decline may occur.
If it stays above 4914, this expectation will be canceled.
And the upward movement may continue towards the 4900-5119 zone. This is a potential resistance area during the rise. Profit-taking may occur.
If it closes above the 5421 peak, an upward continuation is expected.
To get a clear signal about the decline, we are monitoring the 4646 bottom. If it breaks, the decline continues.
It may fall towards the Fibonacci 0.618 support at the 4382 level. If it holds at this support, a new attempt to rise occurs. If buyers cannot find support at this level, it could drop to 4094.
Looking at the main structure, after a long rise, it is moving in a resting zone. There is still a possibility of testing the peak.
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