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Gold Trades Sideways Around 4600 with Neutral-Bullish Bias

Gold Trades Sideways Around 4600 with Neutral-Bullish Bias

Gold/USD is moving in a sideways intraday range around the key pivot level at 4600, reflecting a balance between buyers and sellers with a slight bullish bias. The next directional move depends on whether the price holds above or breaks below this level.

If upward momentum continues, gold may advance toward 4660 followed by 4730. However, if selling pressure increases and the price drops below 4600, a corrective move could follow toward 4580 and then 4500. Overall, stability above 4600 supports a potential continuation toward 4730 in the near term.

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