Gold/USD continues to trade under clear bearish pressure during the intraday session, remaining below the key pivot level at 4660, which reflects sustained selling dominance in the market. As long as the price stays below this level, the downside scenario remains favored, with expected targets at 4520 followed by 4480 if the bearish momentum persists.
However, if the price reverses direction and breaks above 4660, a corrective upward move may develop, opening the way toward 4700 and then 4740. Overall, continued trading below 4660 strengthens the likelihood of further declines toward 4480 in the near term.
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