Gold Persists Below 4695 Support, Bearish Path to 4633 Unfolds

Gold remains under bearish control on Apr 24, 2026, after slipping below the critical 4695 support, with resistance at 4765-4795 blocking upside attempts. The decline accelerated from Apr 23's breakdown, reversing earlier cautiously bullish views on Apr 21 that eyed 4835, 4870, and 4960 while above 4695. Initial pressure stemmed from Middle East tensions on Apr 20, now targeting downside supports at 4633 and 4554, with 4306 exposed on a deeper break. Bulls require a push above 4795 to shift momentum.