**“Gold experienced a slight pullback in recent intraday trading, which appears more like a temporary pause than a trend reversal, as the metal looks to build momentum for a renewed rally. This consolidation pushed prices into a narrow sideways range, while maintaining stability above the 50-period SMA continues to support the overall bullish trend.
The short-term upward wave remains in play, with gold trading near a minor supportive trendline that enhances the potential for renewed buying momentum. Additionally, a positive RSI crossover is emerging, signaling that momentum may recover and push prices higher.
As long as support at $4,100 holds, we expect gold to advance toward the key resistance at $4,225.
Expected intraday range: $4,100 support — $4,225 resistance
Today’s forecast: Bullish”**
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