As long as the price can hold above the key support zone of 5070 without a significant breakdown, the overall bullish market pattern remains intact, and the market is likely to continue testing higher levels.

Next, the price is expected to gradually move towards the resistance zone of 5160–5180. This area has repeatedly acted as a supply pressure level in the past and is a crucial watershed for whether the market can move higher. Once a strong breakout is achieved and the price firmly stays above this level, the upside space will be fully opened, and gold prices are expected to surge towards 5300 and higher.