XAU, #gold no change.

Sales are coming from the resistance zone between 4806–4741.
As long as it cannot stay above the 4893 level, downward pressure may continue.
For now, sellers still appear strong in the short term.
The first significant support in downward movements is at the 4611 level on the 4-hour timeframe.
It is possible to see short-term corrective rebounds around this area.
The main critical zone is at the 4512 level.
If the price remains below this bottom, selling pressure could continue down to the Fibonacci 0.618 support at 4399.
I think this zone will be the first important defense line in the short term.
Below 4399, we will monitor the support zones at 4266 and then 4094.
Especially the 4094 zone is an important support because it is the area where buyers re-entered during the last sharp decline wave.
Looking at the overall structure, it is still early to say that the main upward trend has been completely broken.
Currently, the picture suggests it is in a retracement phase within an upward trend.
Therefore, the possibility of testing the peak zone again still continues.