Gold/USD is trading with a strong bullish bias during the day, supported by stability above the key pivot level at 4800, reflecting sustained buying strength in the market. As long as the price remains above this level, the bullish outlook remains intact, with potential upside targets at 4900 followed by 5000 if momentum continues to build.
However, if the price fails to maintain its position above 4800 and starts to decline, a corrective move may push it toward 4700 and then 4600, which represent key support levels. Overall, holding above 4800 increases the likelihood of continued upward movement toward 4900 in the near term.
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