Gold against the US dollar is trading within a sideways range with a bearish bias during today’s session, remaining below the pivot level of 4500 amid cautious market sentiment and ongoing selling pressure.
If the decline continues, gold is expected to target 4460 followed by 4400.
Alternatively, in case of a bullish rebound, the precious metal may rise toward 4580 and then 4660.
The bearish outlook remains valid as long as trading stays below 4500, supporting a potential move toward 4400.
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