Gold prices are retesting highs as momentum declines near key areas

Gold recorded strong gains, reaching the 4497 ​​area before encountering resistance and falling towards 4431. The price subsequently recovered and returned to around 4493, confirming this area as an important interactive level. Repeated tests of the highs suggest bullish momentum is beginning to wane and hesitation is emerging near the supply zone. After such a prolonged period of volatility, the market may enter a rebalancing phase. Looking at the current area, selling pressure may gradually build up, opening the way for a price correction. As volatility subsides, a move towards 4400 remains possible. At these levels, risk management remains critical.