Gold/USD is trading with a strong bullish bias during the day, supported by stability above the key pivot level at 4800, reflecting solid buying momentum in the market. As long as the price remains above this level, the bullish scenario stays in control, with potential upside targets at 4900 followed by 5000 if the upward momentum continues.
On the other hand, if the price fails to maintain its position above 4800 and starts to reverse, a corrective move may push it toward 4700 and then 4600, which are considered key support levels. Overall, holding above 4800 increases the chance of continued upward movement toward the 4900 level in the near term.
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