Gold continues to trade under pressure after slipping below the psychological 4000 level. Bears remain in control, and further downside cannot be ruled out if selling continues. Today's price action around the key support will be crucial for the next move.
As long as gold trades below 4000, every recovery should be treated with caution. A decisive break below today's support could accelerate the bearish momentum.
As long as gold trades below 4000, every recovery should be treated with caution. A decisive break below today's support could accelerate the bearish momentum.