GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Gold faces resistance at $2,882.76; a break above could target $2,900+.

- Failure to hold $2,870 may accelerate losses toward $2,840.79.

- 50-day EMA at $2,843.26 provides key support for bullish recovery.

Gold (XAU/USD) is trading at $2,862.60, up 0.24%, as the market weighs economic uncertainty and potential Federal Reserve policy shifts. Gold remains supported by safe-haven demand amid ongoing trade tensions and expectations of rate cuts, but technical indicators suggest a pivotal level is in play.

Key Technical Levels and Trend Analysis

The pivot point at $2,870.28 serves as a critical threshold for price action. A sustained break below this level could open the door for further downside toward $2,840.79, followed by stronger support at $2,824.53 and $2,810.70. These levels could attract buyers if broader risk sentiment turns defensive.

On the upside, immediate resistance stands at $2,882.76, with the next hurdles at $2,900.69 and $2,914.05. A close above these resistance levels would reinforce bullish momentum, potentially setting the stage for a push toward new highs.

The 50-day EMA at $2,843.26 suggests that gold remains well-supported in its current trend. However, the price is teetering around the pivot, indicating potential for short-term consolidation. If gold fails to hold $2,870, selling pressure could accelerate, leading to a sharper pullback.

The near-term outlook remains bearish below $2,870, with a recommended sell entry below this level, targeting $2,850 as a take-profit zone. A stop-loss at $2,882 is advised to mitigate risk in case of an upside breakout.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2870

Take Profit – 2850

Stop Loss – 2882

Risk to Reward – 1:1.6

Profit & Loss Per Standard Lot = +$2000/ -$1200

Profit & Loss Per Mini Lot = +$200/ -$120