Gold Intraday Signal: Upside Momentum Prevails Above 4150.00
Gold (XAU/USD) continues to display strong bullish momentum, maintaining its position well above the key pivot level at 4150.00. The recent breakout above short-term resistance confirms renewed buying interest, supported by momentum indicators aligning with the uptrend.
The RSI remains in bullish territory, signaling sustained strength, while price action continues to form higher highs and higher lows — a classic indication of trend continuation. The support zone between 4150.00 and 4120.00 has held firm, acting as a foundation for further gains.
As long as Gold trades above 4150.00, the bias remains decisively bullish, with immediate upside targets at 4235.00 and 4260.00. A breakout above 4260.00 could open the door to new highs in the short term.
However, a drop below 4150.00 would temporarily neutralize the outlook, potentially leading to a correction toward 4120.00 or 4090.00 before the next move higher.
Enter: Long above 4150.00
Stop-Loss (SL): 4120.00
Target A: 4235.00
Target B: 4260.00
