The century-level major top in gold has already formed. Many people are still watching and waiting to see if there will be even higher prices, but the current chart action already shows top signals:

① Gold’s first 30% big pullback, the first “super pullback” since the bull-market rebound launched in 2022
② In terms of technical structure, the bullish alignment trend has been broken. The key support level 4430, built at the moving-average level by the weekly and monthly charts, has been completely breached
③ The weekly downtrend line has started to appear. The rebound highs follow 5595-4880, the pullback lows are 4750-4110-3942, forming a downward channel.
Basically, the correction structure has already been confirmed. This time, the high still lacks a 4500—so technically, it will first rebound around 4500, and then the decline will start again #XAU