India unexpectedly increased import duty on gold futures, triggering sharp price swings in bullion and jewellery stocks.
Gold price sits at $4,568.92 on 15‑minute chart, in a strong bear trend with resistance near $4,585‑$4,610.
AI engine WarrenAI provides trade setups, recommending bearish entries around $4,585 and $4,608 with targets near $4,545‑$4,550.
Bullish breakout scenario requires price closing above $4,610 on strong volume; otherwise risk of failed breakout and reversal.