GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Bearish bias below $2,745 – Gold remains under pressure, with further downside potential toward $2,720 and $2,706.

- 50-EMA as resistance – Gold struggles to reclaim $2,756.89, reinforcing bearish sentiment in the short term.

- Trade setup – Sell below $2,745, with a take profit target at $2,720 and a stop loss at $2,758 to manage risk effectively.

Gold prices are hovering at $2,740.99, posting a marginal gain of 0.02% as investors weigh market sentiment ahead of key economic events.

The pivot point at $2,745.39 remains a critical inflection zone; a sustained move below this level could signal further downside pressure.

Immediate support stands at $2,721.21, with extended declines targeting $2,706.09 and $2,689.39 if bearish momentum intensifies.

On the upside, immediate resistance is positioned at $2,763.67, with additional barriers at $2,786.25 and $2,804.06. A bullish breakout above these levels could reignite upside momentum, challenging recent highs.

However, gold remains vulnerable to short-term volatility, particularly amid fluctuating bond yields and shifting market sentiment.

From a technical perspective, the 50-EMA at $2,756.89 currently acts as a dynamic resistance, reinforcing selling pressure near the pivot.

Failure to break above this level suggests that gold remains bearish in the near term, aligning with the broader corrective trend.

Traders should watch for a decisive break below $2,745 to confirm continued selling momentum, with $2,720 as a near-term target.

Conversely, a strong bounce from current levels could set the stage for a potential reversal, contingent on economic catalysts and broader risk sentiment.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2745

Take Profit – 2720

Stop Loss – 2758

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$2500/ -$1300

Profit & Loss Per Mini Lot = +$250/ -$130