Gold/USD is trading with a bullish bias during the day, supported by stability above the key pivot level at 4800, reflecting strong market momentum. 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 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 are important support levels. Overall, sustained trading above 4800 increases the chance of continued upside toward 4900 in the near term.
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