Gold against the US dollar is trading in a bearish trend during today’s session, remaining below the pivot level of 4200, reflecting continued selling pressure and weaker buying momentum.
If the decline continues, gold is expected to target 4170 followed by 4100.
Alternatively, in case of a bullish rebound, prices may rise toward 4240 and then 4270.
The bearish outlook remains valid as long as trading stays below 4200, supporting a potential move toward 4100.
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