Usman Salis
⬤ Gold bounced back from the $4,480 zone after buyers stepped in to defend the recent pullback. This rebound confirms that demand is still active and the uptrend remains healthy. Price is holding above a rising trendline, which shows the broader bullish structure in gold is still in play heading into next week.
⬤ The $4,460 level is the key support that keeps the bullish case alive. As long as gold stays above this mark, buyers stay in control. The first resistance target sits around $4,550, and if price clears that zone with momentum, the door opens toward a fresh all-time high near $4,625.
⬤ There's also a backup scenario if gold slips below $4,460 but manages to hold above $4,400. In that case, the bullish view would still hold, but the move higher would likely be slower and choppier rather than a sharp rally. That would signal consolidation inside the uptrend instead of a reversal.
⬤ Right now, gold is trading within a well-defined bullish framework. Holding support keeps the positive momentum alive, while resistance targets at $4,550 and $4,625 map out where price could head next. The clearly marked support zones also give traders solid reference points to watch as the market unfolds.
Usman Salis
