Gold against the US dollar is trading in a bearish trend during today’s session, remaining below the pivot level of 4280, reflecting continued selling pressure and negative market sentiment.
If the decline continues, gold is expected to target 4160 followed by 4120.
Alternatively, in case of a bullish rebound, the precious metal may rise toward 4320 and then 4360.
The bearish outlook remains valid as long as trading stays below 4280, supporting a potential move toward 4120.
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