GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Gold trades within a rising channel, pivoting near $3,111 support

- RSI signals weakening momentum but no clear breakdown yet

- Break above $3,144 may expose $3,167 and channel top at $3,184

Gold continues to consolidate within a rising parallel channel, with price action testing support near the channel’s lower boundary around $3,111.

This level also coincides with the key pivot point, providing a critical juncture for short-term market direction. Price is currently hovering just below the 50-period Simple Moving Average (SMA), which is positioned at $3,128.34—acting as dynamic resistance in the current structure.

On the upside, immediate resistance sits at $3,144. A breakout above this level would signal renewed bullish momentum, exposing higher resistance targets at $3,148 and $3,167.

Beyond that, the next bullish target stands at $3,184, where the upper boundary of the channel may curb further gains. On the downside, a failure to hold $3,111 would likely invite fresh selling pressure, targeting $3,096 and $3,084 as next support zones.

The RSI is currently at 44.32, signaling weakening momentum after recently retreating from overbought territory.

The bearish divergence between price highs and RSI peaks suggests some fatigue among buyers. Still, the bullish channel remains valid, and traders are closely watching the $3,111 level as a potential re-entry point.

Bullish bias remains intact above $3,111. A long position from $3,111 with a target at $3,144 and stop loss at $3,096 offers a favorable risk-reward.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3111

Take Profit – 3144

Stop Loss – 3096

Risk to Reward – 1: 2.2

Profit & Loss Per Standard Lot = +$3300/ -$1500

Profit & Loss Per Mini Lot = +$330/ -$150