business π Gold price could blast past $4,891 soon
Spot gold is showing a larger upward trend structure on its daily chart. Initial targets to watch are in the range of $4,654 to $4,689, with a potential bull pennant target near $4,780. Key support remains at the 200-day moving average, currently at $4,516, and Friday's low of $4,509. If this support holds, the breakout momentum could continue. This could signal a strong reassertion of gold's long-term bull trend. π