Spot Gold (XAU) 1-Hour Market Analysis

The current spot gold 1-hour cycle shows a surge followed by a pullback and a downtrend, continuously declining after previously hitting the high point of 4163. The first support level is currently at the intraday low of 4087; if broken, look towards the 4070 area. The first resistance level is the 4100 mark, with further resistance around 4120 above. Short-term downside momentum remains, and the downtrend is likely to continue, with potential for a slight consolidation or correction if 4087 support holds.