GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Gold tests $3,255 resistance after clean breakout above $3,206

- Overbought RSI may trigger short-term pause or consolidation

- Next upside targets lie at $3,283 and $3,298 if momentum holds

Gold (XAU/USD) is extending its bullish momentum, currently hovering near the $3,232 level after decisively breaking past the $3,206 pivot. The uptrend remains firmly intact, supported by strong price action and a 50 SMA rising below current levels at $3,096. The market is now testing resistance at $3,255.39, a key Fib extension level, with upside potential toward $3,298.43 if buyers maintain control.

However, RSI at 70.82 signals overbought conditions, suggesting the rally could stall or consolidate before pushing higher. If the price fails to clear $3,255, we could see a retest of $3,206 or deeper toward $3,167, which now serves as a key downside risk level.

Gold remains bullish above the $3,206 breakout point. A sustained close above this level keeps the upside bias toward $3,283 and $3,298, with caution warranted as RSI stretches into overbought territory.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3206

Take Profit – 3283

Stop Loss – 3167

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$7700/ -$3900

Profit & Loss Per Mini Lot = +$770/ -$390