Gold price surged sharply during its latest intraday trading, confirming a breakout above the key resistance level of $4,800. This move signals strong intent to maintain the short-term bullish corrective trend, especially as price continues to move along a supportive trendline. In addition, the ongoing dynamic support, represented by trading above the EMA50, strengthens the likelihood of continued gains. Meanwhile, relative strength indicators continue to provide positive signals in the background.