XAUUSD is still showing bearish pressure after the strong selloff from the highs. Price attempted a short-term pullback into the resistance zone around 4500–4505 but struggled to break above it. The reaction from that area suggests sellers are still active.
XAUUSD is currently bearish after breaking below key support and the previous day low. Price may pull back to retest the resistance zone before continuing lower toward the next support level. I’ll wait for confirmation at the retest area before looking for sell opportunities.