Gold may fall further if $4,100 support breaks, Kotak says
In short
Gold could fall more if it drops below $4,100, according to the report.
The note says the next possible area is $3,960 to $4,000, and that rate-market moves are likely to guide prices for now. It does not say when this will happen or what central banks will do.
What the reporting says
Gold faces downside risk if it breaks below $4,100, with further declines toward the $3,960 to $4,000 zone, according to the publisher summary. The note says near-term price action is likely to stay driven by the rate market until that turn materialises. What is still unknown is whether the level will break and what central bank demand may do next.
Why it matters
The market note says gold could weaken if it moves below $4,100, with a further slide possible toward $3,960 to $4,000. It also says short-term trading is being driven by the rate market, while central bank demand is part of the broader backdrop. The report does not give a current price, date or trigger, so the immediate path remains uncertain.