$XAU — Gold Near $5,000, Pullback Risk Building ⚠️

Gold (XAU) is currently hovering just below the key psychological $5,000 mark. However, the probability of a corrective move is notably rising. As geopolitical tensions begin to cool, the key factors that drove the recent sharp rally are starting to weaken. 📉

At these elevated levels, further upside appears stretched without a proper market reset. A healthy retracement would be constructive, setting the stage for a more sustainable continuation later. Currently, there's limited support for sustained gains unless excess long positioning is cleared first. 📊

Recent geopolitical developments reinforce this shift in market tone. President Donald Trump confirmed a significant agreement ensuring long-term U.S. access to Greenland via NATO. This accord also includes stronger Arctic security coordination targeting Russia and China, marking a notable policy reversal. 🌍

This announcement coincided with EU leaders meeting in Brussels for an emergency summit. With geopolitical risk premiums now fading, gold's momentum near record highs looks increasingly fragile. 🛡️

Bias: Cautious / Bearish near highs
Market: $XAU USDT Perpetual

(XAUUSDT)