Gold is currently exhibiting a heavy Bearish outlook on the 4-hour timeframe. After failing to maintain higher levels, price action has seen a sharp decline, aggressively breaking through multiple moving average supports. We are now testing a critical horizontal support zone at 4,480.000.

The technical structure has shifted significantly to the downside, with the RSI currently in oversold territory, indicating strong selling pressure. A decisive H4 candle close below the 4,480.000 support level will confirm a Bearish breakdown, potentially triggering a further decline toward our primary targets at 4,360.000 (TP1) and 4,280.000 (TP2). Traders should watch for any minor pullbacks to the broken support (now acting as resistance) for optimized entry confirmation.