$XAU ‌Gold faced significant selling pressure after failing to maintain its higher range. The price dropped sharply from its recent high and is now trading around 5,010, where the market is attempting to stabilize. The 4,950 to 5,050 zone is the key support to monitor. This area served as demand previously and is being tested again. As long as the price stays above this zone, a short-term bounce is still possible. A move back above 5,200 would signal the first signs of recovery. If buyers take control, the next resistance levels are near 5,400 and then 5,620. On the downside, a rejection near 5,200 keeps sellers active. A clear break below 4,950 would weaken the structure further. In that scenario, the price could drop toward 4,800, with stronger support around 4,660. Overall, Gold is in a corrective phase after a strong rally. Volatility remains high, so patience and confirmation are crucial.