On the H4 chart of XAUUSD (spot gold) from 2026‑05‑20 to 2026‑06‑02 the market built a series of higher highs, climaxing in a 4‑hour candle that pushed the high to 4595.15. The candle featured a long upper wick and a volume spike of 71,106, signaling a buying climax and immediate exhaustion. Subsequent bars broke below the 4560‑4570 region, delivering lower closes and shrinking volume, confirming a shift to bearish momentum. The 4560 level now acts as resistance, and the price has slipped beneath the 4520‑4490 swing zone, supporting a sell bias. An entry near 4488 sits just under the recent…

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