Gold Intraday Signal: Bullish Momentum Targets 4550
Analysis:
Gold (XAU/USD) continues to trade with a bullish intraday bias while holding above the pivot level at 4448. Buyers remain firmly in control, aiming for 4520 as the first upside objective, followed by the main resistance target at 4550. Price action remains well supported, reinforcing the continuation of the upward trend.
Momentum indicators support the bullish outlook. The RSI shows clear upside momentum, confirming sustained buying pressure and favoring further gains as long as price remains above the pivot. The overall structure suggests that pullbacks are likely to remain shallow and corrective.
Alternatively, a break below 4448 would weaken the bullish scenario and expose downside levels at 4428 and 4405, where buyers may attempt to re-enter.
Trade Setup:
Enter: Long above 4448
Stop-Loss (SL): 4428
Target A: 4520
Target B: 4550