Gold/USD is trading with a bullish bias during the day, supported by stability above the key pivot level at 4800, reflecting strong market strength. As long as the price holds above this level, the bullish scenario remains in control, with potential upside targets at 4900 followed by 5000 if momentum continues.
On the other hand, if the price fails to maintain its gains and reverses, a corrective move may push it toward 4700 and then 4600, which represent key support areas. Overall, sustained trading above 4800 increases the chance of a continued move toward the 4900 level in the near term.
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