Gold Intraday Signal: Bullish Toward 5500
Analysis:
Gold continues to print higher highs and higher lows after reclaiming the 5200 level, confirming strong bullish structure on the 4H timeframe. Multiple BOS formations and sustained momentum above the 5100–5200 demand zone indicate buyer dominance. As long as price holds above 5200, upside continuation remains favored.
The next major objective lies near 5500, aligned with the previous weak high and upper supply band. A clean breakout above this area could extend gains further. However, a break back below 5200 would weaken short-term momentum and expose downside risk toward 5000.
Trade Setup:
Enter: Long above 5200
Stop-Loss (SL): 5100
Target A: 5400
Target B: 5500
