Gold (XAU/USD) is showing signs of a short-term bearish reversal as prices struggle to break above the critical US$4,485–4,500 resistance zone. Bearish RSI divergence and a completed Fibonacci retracement suggest the recent rebound may be a countertrend move. A break below US$4,430 could trigger deeper downside toward US$4,333–4,243, while only a clear move above US$4,500 would restore bullish control.
07-01-2026 05:50 GMT
by Kelvin Wong