Gold/USD is moving within a sideways intraday range, fluctuating around the key pivot level at 4660, reflecting a state of indecision in the market. Price action remains balanced, with both bullish and bearish scenarios possible depending on direction from this level.
If bullish momentum emerges, the price may rise toward 4700 followed by 4730. On the other hand, if selling pressure increases and the price remains below 4660, the downside scenario becomes more likely, targeting 4560 and then 4510. Overall, continued trading below 4660 supports a potential move toward 4560 in the near term.
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