GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Resistance Levels: Key resistance at $2,760.76, with further levels at $2,767.44 and $2,777.25.

- Support Levels: Immediate support at $2,745.14, with lower support at $2,731.38 and $2,719.66.

- RSI: Currently at 48, signaling a neutral stance with potential for near-term buying interest if prices hold above pivot support.

Gold (XAU/USD) continues its cautious ascent, currently trading around $2,755.03, as it inches closer to the immediate resistance at $2,760.76. This level, marked by a convergence of previous highs and the 50-day EMA at $2,770.84, serves as a pivotal zone.

A sustained break above this point could push gold toward the next resistance at $2,767.44, followed by a potential test of $2,777.25, reflecting strengthened bullish momentum. However, if gold fails to clear $2,760.76, it may signal consolidation or a mild retracement.

On the downside, immediate support is found at $2,745.14, near recent consolidation lows. Should selling pressure increase, further support awaits at $2,731.38, with a deeper floor at $2,719.66, where buyers may re-emerge.

The RSI currently sits at 48, suggesting neutral momentum but tilting slightly toward oversold, which could attract short-term buyers if support levels hold.

Overall, the market tone remains cautiously bullish, as gold's resilience near $2,753.75—a key pivot point—indicates underlying demand. However, gold’s upward potential hinges on its ability to break through the 50-day EMA resistance.

Gold’s path forward will likely hinge on broader market sentiment and its ability to clear key resistance at $2,760.76, a test that could set the tone for the week.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2753

Take Profit – 2767

Stop Loss – 2747

Risk to Reward – 1: 2.3

Profit & Loss Per Standard Lot = +$1400/ -$600

Profit & Loss Per Mini Lot = +$140/ -$60