Gold against the US dollar is trading in a bearish trend during today’s session, holding below the pivot level of 4510, reflecting continued selling pressure and weaker buying momentum in the market.
If the downward movement continues, gold is expected to target 4440 followed by 4400.
Alternatively, in case of a bullish rebound, the price may rise toward 4560 and then 4580.
The bearish outlook remains valid as long as trading stays below 4510, supporting a potential decline toward 4400.
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