Gold Intraday Signal: Upside Prevails Toward 5045
Analysis:
Gold (XAU/USD) maintains a strong intraday bullish structure while holding above the pivot support at 4960. Buyers remain in control above this level, targeting 5010 initially, followed by the extended upside objective at 5045. Price stabilization above support confirms continued upward pressure.
Momentum indicators reinforce the bullish outlook. The RSI shows upside momentum, signaling sustained buying interest and increasing the probability of continuation toward higher levels. As long as price remains above 4960, pullbacks are expected to remain corrective in nature.
Alternatively, a sustained break below 4960 would weaken the bullish scenario and expose downside levels at 4940 and 4905, where sellers may attempt to regain short-term control.
Trade Setup:
Enter: Long above 4960
Stop-Loss (SL): 4940
Target A: 5010
Target B: 5045
