Gold trades bearish at $4,127 — down sharply from yesterday’s $4,195 recovery high as a resurgent dollar and risk-on sentiment triggered by better-than-expected global PMI readings drained safe-haven demand. The metal has broken below the $4,135–$4,150 support cluster, with chart structure pointing toward a test of the $4,098–$4,100 zone if selling pressure extends through the New York session.
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