Gold/USD is trading with a strong bullish bias during the day, supported by stability above the key pivot level at 4800, indicating solid buying momentum in the market. As long as the price holds above this level, the bullish scenario remains dominant, with potential upside targets at 4900 followed by 5000 if the upward movement 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 strengthens the likelihood of continued upward movement toward the 4900 level in the near term.
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