Gold/USD continues to trade with a strong bullish intraday structure, supported by consistent stability above the key pivot level at 4800, reflecting sustained buying pressure in the market. As long as the price holds above this level, the upward outlook remains valid, with potential targets at 4900 followed by 5000 if momentum continues to build.
On the other hand, if gold fails to maintain its position above 4800 and starts to decline, a corrective move may drive the price toward 4700 and then 4600, which represent key support zones. Overall, maintaining levels above 4800 strengthens the probability of a continued rise toward 4900 in the near term.
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