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XAU, #gold continues to protect the 4512 bottom, and also continues the possibility of trying the 4700-4800 range.
However, this zone is also a strong area for sellers. If it cannot maintain above 4870, a decline is expected.
In the decline, the fib 0.618 support at 4399 is the first important support; if it cannot hold, the lower supports are at 4266-4094. This is the bottom level where buyers appeared in the last wave of decline. This zone is an important support. A rebound could come again.
Looking at the main structure, the possibility of testing the peak is still ongoing.