GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Gold trades at $2,413.43, down 0.09%, with short-term bearish momentum below $2,437.41.

- RSI at 47 suggests a balanced market; the 50-day EMA signals short-term selling pressure.

- Buy above $2,400 with a take-profit at $2,437; stop-loss set at $2,372 for risk management.

Gold (XAU/USD) is trading at $2,413.43, down 0.09% as the market reflects cautious sentiment amid global economic uncertainty.

The 4-hour chart shows the price has fallen below the pivot point of $2,437.41, signaling a bearish trend in the short term. Immediate resistance is at $2,452.64, with further resistance at $2,477.89 and $2,498.73. These levels must be breached for gold to regain upward momentum.

On the downside, immediate support is at $2,394.93, with subsequent support levels at $2,374.89 and $2,353.65.

The Relative Strength Index (RSI) is currently at 47, indicating that the market is neither overbought nor oversold. This suggests a period of consolidation as traders await clearer market signals.

Meanwhile, the 50-day Exponential Moving Average (EMA) is at $2,409.23, slightly below the current price

. This position of the EMA suggests that gold is experiencing short-term selling pressure, yet remains close enough to suggest that a rebound is possible if broader market conditions improve.

From a technical perspective, the entry strategy for traders is to consider buying above $2,400, with a target take-profit level at $2,437. A stop-loss should be set at $2,372 to protect against downside risk.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2400

Take Profit – 2437

Stop Loss – 2372

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$3700/ -$2800

Profit & Loss Per Mini Lot = +$370/ -$280