Gold is still bullish

Gold is still holding a bullish structure overall.
Price just pushed into the 4620–4630 area after a strong move up, and now it’s pulling back, which looks more like a pause than a reversal.

The highlighted 4605–4610 zone is the key area to watch, this is where buyers previously stepped in, so it makes sense for price to retest it.

As long as price respects this demand zone, the bias remains buy-the-dip. A shallow pullback and hold here would suggest continuation higher, with potential for a push toward the mid-4600s and beyond. If price starts to consolidate inside the zone, that’s healthy and shows absorption, not weakness.

Only a clean break and acceptance below the demand would weaken the bullish idea. Until then, this looks like a normal retracement before another leg up, not a top.