$XAU Gold closed below the 4456 support level we are tracking. Even if there is currently an upward move, if it cannot stay above the 4580 peak on the 4-hour chart, the decline will continue further.

On the 1-hour chart, if a drop comes from the short-term area where it is currently located, there is a possibility that a harmonic formation will form. According to the formation, the reversal zone is 4425-4395. A 4580 peak with a stop at 4366 can be monitored.
If the upward move continues toward the 4776 level and maintains above it, the long-followed harmonic formation will be invalidated, and upper resistances can be watched.
For the harmonic formation to form, the decline needs to continue down to the 4186-4140 blue box area. This area is the formation’s reversal zone and a region where buyers may come in. Gold can start a new upward wave from here.
The targets are 4512-4700-4800. Stop level: a daily close below 4095.
During an upward move, for us to say that the buyers have gained strength, first there must be a close above the 4776 peak.