Gold is trading with a bullish tone during today’s session, supported by stability above the key pivot level at 4800. Holding above this level keeps the positive short term outlook intact and supports continued upward momentum.
If the price continues to rise, it may target 4900 as a first objective, followed by 5000 if buying pressure strengthens.
However, a break below 4800 could lead to a corrective move toward 4700 and then 4600. Overall, the bullish scenario remains valid as long as price holds above 4800.
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