GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Gold holds above $2,788, targeting resistance at $2,814.11 and $2,840.38.

- 50-day EMA at $2,757.74 reinforces bullish sentiment.

- Break below $2,788 may trigger a pullback toward $2,772 and $2,748.

Gold (XAU/USD) continues its upward trajectory, holding near $2,795.88, with bullish momentum intact. The metal is trading above the pivot level of $2,788.36, signaling further upside potential.

Immediate resistance is seen at $2,814.11, followed by key levels at $2,826.85 and $2,840.38. A decisive break above these thresholds could propel gold toward fresh highs as investor sentiment remains strong amid ongoing economic uncertainties.

On the downside, $2,772.24 remains critical support, with further downside risk extending to $2,748.57 and $2,730.88 if bearish momentum intensifies. The 50-day EMA at $2,757.74 continues to provide dynamic support, reinforcing the broader bullish structure.

Technical indicators suggest a strong buying bias above $2,788. The recent pullback found support at key technical levels, allowing buyers to re-enter the market. The upward trend remains valid as long as prices hold above $2,788. However, a sustained move below this level could shift sentiment, prompting a corrective pullback.

For now, traders are closely watching resistance at $2,814.11. If breached, the next upside targets are $2,826.85 and $2,840.38. Conversely, failure to hold above $2,788 may invite selling pressure, with a potential retest of lower support levels.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2788

Take Profit – 2813

Stop Loss – 2770

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$2770/ -$1800

Profit & Loss Per Mini Lot = +$277/ -$180