Gold/USD continues to trade with a clear bearish intraday bias, remaining under pressure below the key pivot level at 4660, which reflects persistent selling momentum in the market. As long as the price stays below this level, the downside scenario remains dominant, with expected targets at 4550 followed by 4480 if bearish pressure continues.
However, if the price manages to reverse and move above 4660, a corrective bullish move may emerge, opening the way toward 4700 and then 4740. Overall, continued trading below 4660 increases the likelihood of a deeper decline toward 4480 in the near term.
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