GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Gold remains bearish below $2,766; support at $2,749 and $2,730.

- 50-day EMA at $2,756 acts as short-term support, limiting downside.

- A break above $2,782 could shift momentum, but sellers dominate below pivot.

Gold (XAU/USD) continues to edge lower, trading at $2,760.56, down 0.10%, as the metal struggles to maintain bullish momentum. The price remains under pressure below the pivot point at $2,766.14, signaling a cautious outlook. Technical indicators suggest gold is at a critical juncture, with the 50-day EMA at $2,756.96 acting as immediate dynamic support.

A sustained break below $2,765 would reinforce selling pressure, potentially leading to declines toward immediate support at $2,749.27. Further downside risks emerge at $2,730.85, followed by $2,717.11, where buyers may attempt to regain control.

On the upside, gold faces strong resistance at $2,782.18, a breakout above which could signal bullish momentum, with next resistance levels at $2,794.55 and $2,804.06. However, the prevailing trend remains bearish as long as gold struggles below the pivot.

The broader market sentiment hinges on Federal Reserve policy expectations and tariff uncertainties. With economic data providing mixed signals, traders remain cautious, awaiting a clearer directional bias. A sell position below $2,765, targeting $2,743, with a stop-loss at $2,778, aligns with current market structure.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2765

Take Profit – 2743

Stop Loss – 2778

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$2200/ -$1300

Profit & Loss Per Mini Lot = +$220/ -$130