Gold Faces Ongoing Bearish Pressure – Analysis

Gold fluctuated in its recent intraday sessions while remaining below the key resistance level of $4,500, reflecting weak buying momentum and the inability to confirm a breakout that could support a short-term recovery.

Technical pressure persists as the price continues to trade below its EMA50, reinforcing the dominant bearish trend. Negative signals from the Relative Strength Indicators also remain in place, supporting expectations of further weakness.