#XAUUSD #GOLD
After touching the 4680 area, the gold price broke below the short-term rising trend line, signaling that the recent bullish momentum is fading.
The 4590–4615 zone serves as the initial retracement area. Gold may see a reaction here before attempting a rebound toward the highs.
The critical decision zone remains the key 4685–4706 area. If the price pulls back to this zone and faces rejection (showing bearish signals), it would present an ideal short-selling opportunity as illustrated.
If the bears regain control and push the price below 4580, the 4500–4525 range will become the primary downside target.
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