Gold against the US Dollar is trading in a sideways range during the day, as markets continue to await a clearer directional move around the key pivot level of 4700.
If selling pressure continues, the downside scenario suggests a potential move towards 4645, followed by 4620 as the next target levels.
On the other hand, if price action reverses and bullish momentum returns, the market could retest 4720 and extend towards 4760.
Overall, sustained trading below 4700 keeps the bearish scenario more dominant, with 4645 remaining the first key target.
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