Gold $XAU , from the market perspective, may experience an abc correction,

currently in a breakdown state, this bac's c may not break the new low,

I personally think a rebound near 5030 is a good short opportunity, stop loss at 5125, target looking at 4666, a breakdown will look for new lows nearby (personal opinion, not investment advice)

XAUUSDT

Perp

4,465.83

-0.69%