During the Asian session, Gold (XAU/USD) is trading at $2,365.98, down 0.60%. The 4-hour chart shows a pivot point at $2,373.12. Immediate resistance levels are $2,392.88, $2,404.97, and $2,426.92. Key support levels are $2,351.98, $2,335.24, and $2,318.77.

Technical indicators reveal that the candles have crossed below both the 50 EMA at $2,399.47 and the 200 EMA at $2,367.33, forming a bearish engulfing pattern, suggesting a bearish trend.