Gold Intraday Signal: Bullish Bias Holds Above 4426
Analysis:
Gold (XAU/USD) maintains a bullish intraday bias while trading above the pivot level at 4426. Buyers remain in control, targeting 4474 initially and the main upside objective at 4500 in extension. Price action continues to respect higher support, keeping the short-term structure constructive.
Momentum indicators support the bullish outlook. RSI remains above its neutrality area at 50, confirming positive momentum and sustained buying interest. As long as price holds above 4426, pullbacks are expected to remain limited and corrective.
Alternatively, a break below 4426 would weaken the bullish setup and expose downside levels at 4396 and 4378, where demand may attempt to stabilize price.
Trade Setup:
Enter: Long above 4426
Stop-Loss (SL): 4396
Target A: 4474
Target B: 4500