Gold/USD is moving within a bearish intraday trend, trading under pressure around the key pivot level at 4660, reflecting continued weakness in short-term momentum. As long as the price moves below this level, the downside scenario remains favored, with potential targets at 4640 followed by 4550 if selling pressure persists.
However, if the price reverses direction and rises above 4660, a corrective bullish move may develop, opening the way toward 4740 and then 4770. Overall, trading below 4660 increases the likelihood of further decline toward 4640 in the near term.
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