$XAUT ‌After failing to hold the higher range, gold faced significant selling pressure. The price dropped sharply from its recent peak and is now trading at 5,010, where the market is trying to stabilize. The key support to watch is the 4,950 to 5,050 range. This area is being tested again after serving as demand in the past. A short recovery is still possible as long as the price remains above this range. The first sign of recovery would be a return above 5,200. If buyers regain control, the next resistance levels are around 5,400, followed by 5,620. On the downside, sellers are still active when there are rejections near 5,200. The situation would become even more unstable if there is a clear break below 4,950. In that case, the price could drop to 4,800, with 4,660 acting as stronger support.