$XAU #Gold hourly chart shows a Libra formation, with a rise toward the 4580 peak.

Before reaching the target, a new decline occurred.
Therefore, the support zone between 4415-4454 still has a chance to hold.
The stop level for the formed structure is a 4-hour close below 4366.
It may attempt to retest the 4580 peak again, but this level will also act as resistance.
If it does not close above this level, another decline could happen.
If it stays below 4336, the potential reversal zone of the harmonic formation, the 4186-4140 blue box area, could see continued decline.
This zone is the formation's reversal area and a region where buyers may come in.
Gold could initiate a new upward wave from here.
The targets are 4512, 4700, and 4800 levels.
Stop level: a daily close below 4095.
In an upward move, for us to say buyers have gained strength, there must first be a close above the 4776 peak.