Gold Intraday Signal: Look for 5145
Analysis:
Gold (XAU/USD) maintains a strong bullish intraday structure while holding above the pivot level at 4925. Buyers remain firmly in control, targeting 5090 initially and the main upside objective at 5145 in extension. Price action shows clear acceptance above support, favoring continuation of the upward move.
Momentum indicators reinforce the bullish outlook. The RSI calls for a new upleg, signaling renewed upside momentum and increasing the probability of further gains as long as price remains above the pivot. Pullbacks toward 4925 are expected to remain corrective rather than trend-reversing.
Alternatively, a move below 4925 would weaken the bullish setup and expose downside levels at 4850 and 4800, where buyers may attempt to stabilize price.
Trade Setup:
Enter: Long above 4925
Stop-Loss (SL): 4850
Target A: 5090
Target B: 5145
