#XAUUSD#Gold prices rebounded near $4435. Key support lies at $4425-$4400/oz. After a period of consolidation, a larger rebound is expected.
It's worth noting that each rebound to the $4500-$4520/oz area was quickly followed by a pullback. This indicates limited buying interest, and the $4400-$4425/oz area is becoming a key test zone for short-term demand.
If the 4-hour candlestick closes below $4425/oz, selling pressure could accelerate towards $4400/oz, followed by a potential further decline to $4375-$4360/oz.
Poland's pro-European coalition government won a parliamentary vote of confidence — a result that Prime Minister Donald Tusk hopes will give his cabinet new momentum after it was shaken by a setback in the presidential election https://t.co/W9PuRvbyc3