Gold May Correct but Remains in an UptrendGoldOANDA:XAUUSDMian-FXSignals📊 Market Overview: XAU/USD is currently trading around 4,630 USD, after rising sharply to the 4,680–4,697 area before facing profit-taking pressure. Gold’s recent rally has been supported by a weaker USD, lower U.S. Treasury yields, and expectations that U.S. fiscal policies could increase safe-haven demand. Markets are currently focusing on U.S. inflation data and Fed officials’ comments this week. 📉 Technical Analysis: • Key Resistance: 4,655–4,675 | 4,690–4,700 • Nearest Support: 4,610–4,625 | 4,585–4,600 • EMA: Price remains above the EMA 09 on the H1 timeframe → the short-term trend remains bullish, although momentum is weakening after the strong rally. • Candlestick / Volume / Momentum: After reaching 4,680–4,697, gold came under selling pressure and is currently correcting toward support. Bullish momentum remains, but it is not yet strong enough to confirm a new breakout. Holding 4,610–4,625 will be important to maintain the bullish structure. 📌 Outlook: Gold could resume its short-term upward move if it holds above 4,610–4,625 and breaks above 4,655. Conversely, a break below 4,600 could lead to further correction toward 4,585–4,570. 💡 Suggested Trading Strategy: 🔻 SELL XAU/USD : 4,690–4,693 🎯 TP: 40 / 80 / 200 / 300 pips ❌ SL: 4,698 🔺 BUY XAU/USD at: 4,620–4,617 🎯 TP: 40 / 80 / 200 / 300 pips ❌ SL: 4,612