$XAU ‌Gold faces significant selling pressure after failing to maintain its high-range. The price has sharply declined from recent highs and is currently trading around 5,010, as the market attempts to stabilize. The 4,950 to 5,050 zone is a key support level to watch. This area previously served as a demand zone and is now being tested again. As long as the price stays above this zone, a short-term rebound remains possible. A break above 5,200 would signal an initial recovery. If buying pressure dominates, the next resistance levels are around 5,400, then 5,620. On the downside, rejection near 5,200 will keep selling activity active. A clear break below 4,950 would further weaken the structure. In this case, the price could fall to 4,800, with strong support near 4,660. Overall, gold is in a correction phase after a strong rally. Volatility remains high, so patience and confirmation are crucial.