Gold against the US dollar is trading in a bearish trend during today’s session, remaining below the pivot level of 4100, reflecting continued selling pressure and weaker buying momentum.
If the decline continues, gold is expected to target 4030 followed by 4000.
Alternatively, in case of a bullish rebound, prices may rise toward 4150 and then 4170.
The bearish outlook remains valid as long as trading stays below 4100, supporting a potential move toward 4000.
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