XAUUSD: Is This Just a Pullback Before Another Drop?

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XAUUSD: Is This Just a Pullback Before Another Drop?GoldOANDA:XAUUSDSamiraa_Gold has been in a clear downtrend, with sellers firmly in control, pushing price lower through a series of lower highs and lower lows. However, after the strong bearish move, momentum started to slow down. Price began to stabilize around the support zone, showing smaller candles and repeated reactions, suggesting that selling pressure may be weakening. If price continues to recover, the 4,380–4,460 Fibonacci retracement zone (0.5–0.618) becomes the key area to watch. A strong rejection from this region would confirm that sellers are defending the zone and preparing for another move lower. In short, this is a Fibonacci retracement move within a broader downtrend, unless buyers can break above this resistance area with strong momentum.