Gold Breaks Our Price Target

Gold extended its losses during recent intraday trading, breaking $4,100 support level, which was our final downside target, reflecting continued selling pressure and increasing bearish momentum, pushing gold into a new phase of decline.

The drop came after the price eased part of its oversold condition on relative strength indicators, providing room for further downside without any strong signs of a trend reversal. With the main short-term bearish trend still in control, the likelihood of additional losses remains high, especially after the loss of a key support level that had previously lim