Gold is currently trading near a critical support level around 4640, aligning with the 100 EMA.
The market is showing low momentum, but a strong move is expected soon. If price breaks below 4640, further downside towards 4345 and 4100 is likely. On the other hand, a strong rebound could push gold back above 5000. Traders should watch this level closely, as it may define the next major move.
