GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Gold remains bullish above $2,870, with immediate upside potential toward $2,900 and $2,914.

- The 50-day EMA at $2,821.70 provides strong support, reinforcing the overall upward trend.

- Break below $2,857 may shift momentum bearish, with downside targets at $2,849 and $2,833.

Gold (XAU/USD) is trading at $2,878.06, down 0.02%, as it consolidates within a tight range following recent gains.

Despite the minor pullback, the 50-day Exponential Moving Average (EMA) at $2,821.70 continues to act as a dynamic support level, reinforcing the broader bullish structure. The metal remains in an uptrend, with price action favoring further upside if key resistance levels are breached.

The pivot point at $2,870.28 serves as an essential reference level—holding above it keeps bullish momentum intact.

The immediate resistance sits at $2,886.25, with stronger hurdles at $2,900.69 and $2,914.05. A breakout beyond these levels could accelerate gains toward fresh highs, particularly if market sentiment remains risk-averse amid ongoing economic uncertainties.

On the downside, support is firm at $2,849.52, with deeper retracements targeting $2,833.82 and $2,820.54. A sustained drop below these levels would shift momentum in favor of sellers, potentially exposing gold to further declines.

However, given the prevailing demand for safe-haven assets, dips are likely to attract fresh buying interest.

Traders should monitor the $2,872 level, as holding above this threshold could validate a continuation toward $2,890, while a drop below $2,857 may trigger increased selling pressure.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2872

Take Profit – 2890

Stop Loss – 2857

Risk to Reward – 1:1.6

Profit & Loss Per Standard Lot = +$1800/ -$1500

Profit & Loss Per Mini Lot = +$180/ -$150