Gold Struggles Below $4,420 Amid Bearish Trend Line

Gold prices have struggled to regain traction and remain below $4,420. A bearish trend line is forming on the 4-hour chart with resistance at $4,360.

The price of gold has failed to surpass $4,450 and declined further against the US dollar. It dipped below $4,400 but remained above the $4,250 support zone.

The 4-hour chart indicates that the price is struggling below $4,420, the 100 Simple Moving Average (red, 4 hours), and the 200 Simple Moving Average (green, 4 hours). On the upside, immediate resistance could be $4,350.