XAU, #gold remains under the 4893 level, and as long as it cannot stay above it, downward pressure continues and selling occurs from the resistance zone of 4806–4741.

For now, sellers still appear strong in the short term.
The first support in downward movements is at the 4611 level on the 4-hour timeframe. We may see short-term buying around this area.
The critical zone is at the 4512 level. If the price stays below this bottom, selling pressure could continue down to the Fibonacci 0.618 support at 4399.
This area 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 an area where buyers re-entered during the last sharp decline wave.
Looking at the overall structure, the picture suggests that the market is in a resting phase within an upward trend.
Therefore, the possibility of testing the peak area again still persists.