XAUUSD: Will Gold Continue to Rise or Fall?

[bonk]

Hello everyone, what do you think about
XAUUSD
?

As of writing, gold is trading around $4115, partially recovering from the sharp decline of the past few days. To explain the steep drop in gold prices on Tuesday, there’s no need for any conspiracy theories — the previous meteoric rise was already a big enough reason.

Earlier, gold reached extremely high levels, and the rally had matured; any irrational market could fall without a clear reason.

Despite this, while gold remains under technical selling pressure after the shock, the market is holding the initial support level above $4,000. After this volatility, it may take longer than expected for precious metals to regain stability. However, it’s still too early to conclude whether this is a "market crash" or just a short-term correction.

From a technical perspective, gold is reacting well to the $4000 support I had previously anticipated. If it can hold, the next challenge to watch will be the first resistance zone around $4200 - $4230. As long as the support holds, I’m still betting on an upward trend.

What about you? What do you think about gold prices? Will it continue to rise or fall? Leave your thoughts in the comments below!

[Nahid10]

Gold remains range-bound; a break above 2420 or below 2380 will define the next impulse.

[EmTeam]

Market sentiment hinges on USD strength—any weakness there could extend gold’s bullish momentum.