#GOLD is trading around $4,307 after a strong rejection from the $4,600–$4,700 area. Price is now moving back toward an important support zone around $4,200–$4,150.
In my opinion, if this support holds, $XAU could see a strong bullish recovery toward $4,400 first, then $4,600–$4,700. But a clear breakdown below this zone would weaken the bullish setup.
For now, stay patient. I’m watching the next Gold move very closely with you.