$XAU USD

If #gold fails to regain and hold the 4750 resistance level, the current rebound may simply be a correction. In this scenario, sellers could re-enter the market, pushing it into the next round of declines, with downward pressure once again approaching the previous support zone.

On the other hand, if buyers can break through 4800 and maintain the price above it, the bearish sentiment will begin to weaken.

That's my view for Monday. Thank you for your support.