GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Bullish bias remains intact above the 50-day EMA ($3,027.11), with targets at $3,057.40 and $3,068.71.

- Support at $3,006.31 is critical—a break below could push gold toward $2,993.42 and $2,979.20.

- Entry Price: Buy above $3,022, with a take profit target of $3,050 and stop loss at $3,010.

Gold (XAU/USD) is trading at $3,033.97, showing marginal gains of 0.03% as it consolidates above the key 50-day EMA at $3,027.11.

The market is balancing between a bullish continuation and a potential retracement, with $3,051.45 acting as the pivot point for today’s session.

Despite a recent pullback, gold remains in an upward trend, finding strong support near $3,006.31.

If prices hold above this level, the next bullish targets are $3,057.40, followed by $3,068.71 and $3,078.95, where profit-taking could emerge.

A sustained move above $3,051.45 would confirm bullish momentum, paving the way for further gains.

Conversely, failure to hold above $3,027 may lead to a test of the $3,006.31 support level, with extended downside risk toward $2,993.42 and $2,979.20.

The 50-day EMA remains a key short-term indicator, keeping the bias slightly bullish unless breached.

However, traders should watch for profit-taking near $3,050, especially if the dollar strengthens. A break below $3,006 would shift sentiment bearish, signaling deeper correction levels.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3022

Take Profit – 3050

Stop Loss – 3010

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$2800/ -$1200

Profit & Loss Per Mini Lot = +$280/ -$120