GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Gold remains bullish above $3,070, supported by a strong uptrend and 50 EMA at $3,029.

- A break above $3,089 may trigger upside toward $3,103 and $3,118.

- Support zones at $3,055 and $3,036 could absorb minor corrections.

Gold (XAU/USD) extended its rally on Friday, trading at $3,081.94 with a 0.27% gain on the day. The metal is showing continued strength as it hovers near record highs, buoyed by safe-haven flows and dovish monetary policy expectations.

Technically, gold remains firmly positioned above its key pivot point at $3,070.09, reinforcing bullish control in the short term.

The 4-hour chart reveals a sustained uptrend, supported by a rising channel and the 50-period EMA at $3,029.63.

With price action maintaining a comfortable distance above this moving average, momentum favors continued upside, provided the metal holds above immediate support at $3,055.67.

Additional support zones lie at $3,036.63 and $3,013.17—both of which could cushion any short-term pullbacks.

On the upside, immediate resistance is noted at $3,089.64. A decisive break above this level could pave the way toward $3,103.01, followed by a potential extension to $3,118.39.

The Relative Strength Index (RSI) is currently pointing upward but has yet to enter overbought territory, suggesting there is room for further gains before momentum stalls.

Gold’s bullish structure is further validated by the fact that price continues to respect both trendline and moving average support, while making higher highs and higher lows.

Traders may look to enter long positions above $3,070 with a target near $3,105, while keeping stops below $3,045 to manage downside risk.

Unless a sharp reversal breaks below $3,055, the current technical setup continues to favor buyers.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3070

Take Profit – 3105

Stop Loss – 3045

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$3500/ -$2500

Profit & Loss Per Mini Lot = +$350/ -$250