GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Bullish Bias Above $2,808.60: Sustained trading above this pivot point supports further upside potential toward $2,848.35.

- Critical Support at $2,782.04: A break below this level may trigger a bearish move targeting $2,752.15.

- 50-EMA at $2,772.52: This dynamic support level underpins gold's broader bullish trend.

Gold (XAU/USD) is trading at $2,814.11, marginally down by 0.01%, reflecting a cautious market stance ahead of key U.S. economic data releases. The price action remains above the pivotal level at $2,808.60, which continues to act as a key inflection point for traders.

Sustained moves above this pivot point suggest bullish momentum, with immediate resistance located at $2,830.19. A breakout above this level could trigger further buying interest, potentially targeting $2,848.35 and, in an extended rally, $2,871.03.

On the downside, gold finds immediate support at $2,782.04. A breach below this level could open the door for a deeper pullback toward $2,752.15 and possibly $2,730.45 if bearish pressure intensifies.

The 50-day Exponential Moving Average (EMA) at $2,772.52 offers dynamic support, reinforcing the bullish bias as long as prices hold above this key technical marker.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2808

Take Profit – 2844

Stop Loss – 2790

Risk to Reward – 1:2

Profit & Loss Per Standard Lot = +$3600/ -$1800

Profit & Loss Per Mini Lot = +$360/ -$180