Gold Intraday Signal: Watch 4700
The Gold Intraday Signal reflects rebound potential as price stabilizes above the pivot support at 4700. Momentum conditions are improving, with the RSI calling for a bounce and suggesting strengthening upside pressure. As long as price trades above 4700, the short-term structure favors buyers.
Immediate resistance is located at 4795. A sustained move above this level would confirm renewed buying momentum and likely extend the advance toward the upside objective at 4830. Holding above the pivot reinforces the recovery structure and keeps the bullish intraday scenario intact.
Trade Setup:
Enter: Long above 4700
Stop-Loss (SL): 4667
Target A: 4795
Target B: 4830