Gold against the US Dollar (Gold/USD) is showing positive momentum during today’s trading session, maintaining its upward trend supported by stability above the key pivot level at 5090.
If prices continue to trade above this level, the bullish momentum is expected to push the price toward 5120 as the first target, followed by 5250 as the next upside objective.
However, if a reversal occurs and the price breaks below 5090, gold may move toward the 5000 level as initial support, followed by 4950 as the next downside level.
Overall, the bullish scenario remains the most likely as long as prices hold above 5090, with traders watching for a potential test of the 5120 level in the near term.
Discover why over 25.000 live trading accounts trust Highness, and join the community of successful traders today.
KU 