Gold has broken below the $5000 psychological level, signaling short-term bearish momentum in the market.
Recent global price action shows gold slipping toward the $4,860–$4,870 zone, confirming ongoing downside pressure.
Market Drivers
• Strong US Dollar
• Reduced rate-cut expectations
• Geopolitical tensions (limited upside support)
These factors are currently weighing on gold prices.
Key Levels
Resistance
• $4925 – Immediate supply
• $4980 – Breakdown pivot
• $5050 – Trend reversal level
Support
• $4800 – Immediate support
• $4720 – Strong demand zone
• $4640 – Extension target
Gold remains under bearish pressure, with both technical and fundamental factors aligned for potential downside continuation.
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