FX.co ★ king.zelda | XAU/USD, GOLD

On the 30-minute timeframe for the trading instrument Gold, the following technical picture is observed. The price is moving to the south, forming a sequence of impulses and corrections, indicating a stable downward structure. Currently, an upward correction movement is developing. While maintaining the structure, a pullback to the resistance level at 4582 is expected, where a reaction from sellers is likely. After the completion of the correction and with confirmation, a resumption of the downward movement with the continuation of the current trend is expected. If the price consolidates above 4582, this may weaken the scenario of further decline and lead to a deeper correction.