Don't miss the great SEE Opportunity in GOLD

1-hour XAU/USD chart here's a concise analysis:

Current Price Movement:

The price still ranges around $2,624, just below the resistance at $2,630.
There is consolidation in the current zone, indicating indecision in the market.
Trendlines:

The previous upward trendline has been broken, and the price is trending lower.
A downward-sloping trendline from earlier highs is visible, indicating that bearish momentum may still be in play.

Support and Resistance:

Immediate support lies at $2,589.35.
Resistance remains at $2,630, where price rejection could push the market lower again.
Below the $2,589.35 support, another potential support zone lies around $2,570.

Outlook:

Unless a breakout occurs, the price could remain range-bound between $2,624 and $2,630.
A break below $2,604 could target $2,589 and further down towards $2,570.
If bulls regain momentum and break through $2,630, there may be a push toward the $2,650 area.