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 ongoing selling pressure and cautious market sentiment.
If the decline continues, gold is expected to target 4440 followed by 4300.
Alternatively, in case of a bullish rebound, the precious metal may rise toward 4540 and then 4580.
The bearish outlook remains valid as long as trading stays below 4500, supporting a potential move toward 4440 and possibly 4300.
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