Gold against the US dollar is trading in a bearish trend during today’s session, holding below the pivot level of 4580, reflecting continued selling pressure and weaker buying momentum in the market.
If the downward movement continues, gold is expected to target 4510 followed by 4480.
Alternatively, in case of a bullish rebound, the price may rise toward 4700 and then 4740.
The bearish outlook remains valid as long as trading stays below 4580, supporting a potential decline toward 4480.
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