Gold/USD is trading with a bullish intraday bias, holding above the key pivot level at 4640, which reflects continued buying pressure and strong positive momentum. As long as the price remains above this level, the bullish scenario stays favored.
If the upward movement continues, gold is expected to rise toward 4760 followed by 4800. However, if the market reverses and falls below 4640, a corrective decline may develop toward 4580 and then 4500. Overall, sustained trading above 4640 supports further upside toward 4760 in the near term.
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