If you’ve been following the previous analysis on $XAU , price has continued to slide and is now trading around $4,777, sitting just under the major resistance‑turned‑supply zone highlighted on the chart. After rejecting the $5,000 region, gold has shifted into a clear corrective phase.
What’s next on the chart?
From the current structure, XAU is showing sustained weakness — price failed to reclaim the blue zone and is now trending lower, with momentum pointing toward the next key level around $4,444, which is the nearest major support below. The chart projection also suggests a continuation of this downward move before any meaningful recovery attempt.
If price retests the $5,000 zone and fails to break back above it, the move toward $4,444 becomes the most probable scenario.
