Currently, gold prices are trading below the resistance level of 4610, while remaining firmly above the key support at 4500.



The overall trend is in a downward channel, with recent prices touching the upper boundary of the channel before facing resistance and falling back, further confirming a bearish dominance pattern.

As long as prices stay below the 4610 resistance level, the overall bearish outlook remains valid; if they encounter resistance and are pressured again, prices are likely to test the 4500 support level downward.
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