Gold Intraday Signal: Further Advance Toward 4070.00
Gold continues its upward momentum, maintaining a bullish bias as long as the price stays above the 3998.00 pivot level. The market sentiment favors buyers, supported by a positive RSI that confirms sustained strength and signals potential for additional upside.
Immediate resistance levels are located at 4050.00 and 4070.00, which act as primary intraday targets. A clean breakout above these levels could extend the rally further, supported by strong momentum in precious metals.
Alternatively, a move below 3998.00 would signal a temporary correction toward 3975.00 and 3960.00, but this scenario remains less probable while the current bullish tone persists. Overall, the trend structure stays positive, with gold poised for continued advance.
Enter: Long above 3998.00
SL: 3975.00
Target A: 4050.00
Target B: 4070.00
