XAU/USD: Major Decision Zone Between 4,800 and 4,850Gold vs US DollarPEPPERSTONE:XAUUSDfullpriceactionGold (XAU/USD) is currently in a corrective phase after a strong bullish impulse followed by a distribution phase near the highs around 5,300–5,400. After marking a peak, the market started an aggressive drop toward the 4,200 area, which represents a liquidity sweep and a key structural low. Since this bottom, price has entered a corrective rebound phase and is now retesting a major decision zone located around the 0.618 Fibonacci retracement between 4,800 and 4,850, which also aligns with a previous support area that has turned into resistance. The market is currently in a balance zone where buyers and sellers are competing, and the reaction at this resistance will be crucial for the next move. A clear rejection below this zone would indicate weakness in the rebound and could trigger a new bearish move toward 4,400 and potentially 4,200 if selling pressure continues. On the other hand, a confirmed breakout above this zone would open the way for a bullish continuation toward 5,000, then 5,200, and potentially a retest of the 5,400 highs. From a fundamental perspective, gold remains highly influenced by the US dollar and global risk sentiment, with the DXY being a key driver: a weaker dollar would support a bullish breakout, while a stronger dollar would increase the probability of a rejection at current resistance. Overall, gold is in a strategic consolidation phase where the next major impulse will depend on the reaction at this key technical zone and macroeconomic conditions.