Gold recently slipped below $4600

Gold recently slipped below $4600 support, confirming a short-term bearish shift.

Strong resistance is now seen around 4600–4615 zone.

Macro pressure: high inflation + rate uncertainty is limiting upside.

🔍 Technical Outlook (Intraday / 1H–4H)

🔴 Bearish Scenario (Primary)

As long as price stays below 4605–4620, selling pressure dominates

Downside targets:

4580

4555

4500 (major psychological support)

👉 Momentum:

Structure = lower highs + resistance rejection

Moving averages acting as dynamic resistance

🟢 Bullish Scenario (Invalidation)

Only if gold breaks and sustains above:

4620 → 4650 zone

Then upside targets:

4680

4720

👉 Strong bullish reversal only above 4700+

📌 Key Levels Summary

Resistance: 4605 – 4620 – 4680

Support: 4580 – 4555 – 4500

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