Gold price settles with series of losses in its last trading, reaching $4,550 support, which was an expected target in our last analysis, amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of sustainable recovery on near-term basis, however we notice the emergence of positive crossover on the relative strength indicators, after reaching oversold levels, which might reduce the upcoming losses due to its neediness to offload some of these oversold conditions.