Gold: Watch for a corrective pullback toward 4,230

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Price was in a strong bullish trend. However, momentum started to fade as price created a double top pattern, a classic signal of buyer exhaustion.

After the second top, sellers stepped in aggressively, breaking below the neckline, confirming a shift in market structure from bullish to bearish. This breakdown accelerated as trapped buyers began exiting their positions, fueling a sharp decline.

From here, a short-term bullish pullback may develop, buyers could push price back toward the 4,230, aligning with the 0.5–0.618 Fibonacci retracement zone.