In the NY session, Gold (XAUUSD) is showing a clear bearish continuation as price respects the prior session’s downside momentum, rejecting the $4740–$4750 supply zone and forming lower highs on intraday structure. Technically, sustained trading below $4740 keeps pressure toward $4720, with a likely breakdown opening liquidity targets at $4695 and $4658, supported by weak momentum and a lack of bullish volume expansion. From a fundamental perspective, strength in the US Dollar Index (DXY), combined with fading expectations of aggressive rate cuts by the Federal Reserve, continues to weigh on gold, reinforcing the probability of further downside unless a strong reclaim above resistance invalidates the bearish structure. #BinanceSquare #xauusdt
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