GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Gold remains bullish above $3,015, with resistance at $3,033 and $3,053 in focus.

- 50 EMA at $3,019 provides near-term support and confirms trend direction.

- Break below $3,000 may trigger selling toward $2,982 and $2,966.

Gold (XAU/USD) is trading at $3,024.43, showing marginal gains of +0.02%, as the market holds steady above its key pivot point at $3,014.07.

The broader structure remains constructive, with price action supported by the 50-period EMA at $3,019.71, which continues to act as a dynamic support level on the 4-hour chart.

Immediate resistance lies at $3,033.81, and a clean break above this level would open the path toward $3,053.86, followed by the higher resistance at $3,071.37.

These levels align with previous swing highs, making them critical zones to monitor for potential bullish continuation.

On the downside, $3,000.06 serves as the immediate support level, followed by deeper cushions at $2,982.18 and $2,966.96, where the price could stabilize if momentum shifts lower.

Technically, the price remains above the 50 EMA, reinforcing short-term strength. Momentum indicators are neutral, suggesting consolidation before a potential breakout.

The trendline structure remains intact, and as long as gold maintains price action above $3,015, buying interest is expected to dominate.

The near-term strategy favors a buy-above-$3,015 approach, with an initial target at $3,035 and a protective stop just below the support line at $3,005.

A move below this would invalidate the bullish setup and increase the probability of a pullback toward the $2,980 zone.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3015

Take Profit – 3035

Stop Loss – 3005

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$2000/ -$1000

Profit & Loss Per Mini Lot = +$200/ -$100