$XAU Gold Slips Sharply Ahead of Weekend, Loses Over $20 and Breaks Below $4,590

The precious metals market saw heightened volatility into the final session of the week, as abrupt selling pressure dragged prices firmly lower.

🔸 Gold posted a steep decline of more than $20, erasing recent recovery gains and dropping below key psychological support levels.

🔸 Based on the 1H Binance chart, gold is trading near $4,589.67, down 0.47% (-$22.07) over the last 24 hours.

🔸 Price action has fallen below short-term moving averages (MA7, MA25) and is now testing the MA99, suggesting bears have gained short-term control heading into the weekly close.

The key question now: is this simply a healthy pullback to rebuild momentum for next week, or an early sign of broader profit-taking after record highs?

This update is for informational purposes only and not investment advice. Always assess risk carefully before making trading decisions.

#GoldMarket #XAUUSD #MarketVolatility #PreciousMetals #TradingNews