Gold Breaks Our Final Target – Analysis

Gold continued its intraday decline, breaking below the $4,100 support level, our final target in the prior analysis. This move comes despite relative strength indicators remaining deeply oversold, reflecting weak response to rebound attempts and confirming the strength of the downtrend.

Downward pressure is rising as gold trades below EMA50, which serves as dynamic resistance, limiting recovery. The price also moves along descending trendlines, reinforcing the bearish structure and supporting continued downside dominance.