GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Gold remains bearish below $2,867, with resistance at $2,888.58 and support at $2,845.19.

- The 50-day EMA at $2,894.43 signals continued selling pressure unless gold breaks higher.

- Short-term strategy: Sell below $2,866, target $2,845, stop-loss at $2,879.

Gold prices (XAU/USD) are hovering near $2,863.95, struggling to gain momentum as key resistance levels limit upside potential. The pivot point at $2,867.09 remains a crucial level—staying below this threshold reinforces a bearish short-term bias.

Technically, gold is facing immediate resistance at $2,888.58, with stronger hurdles at $2,906.26 and $2,930.44. A breakout above these levels could shift momentum bullish, but failure to clear $2,867.09 leaves gold vulnerable to further declines.

On the downside, immediate support lies at $2,845.19, followed by $2,829.07 and $2,810.89, areas that could attract buying interest if tested.

The 50-day EMA at $2,894.43 is acting as a dynamic resistance, suggesting continued selling pressure below this mark.

Short-term traders should monitor price action closely—a sell entry below $2,866 with a take-profit target of $2,845 appears viable, with a stop-loss at $2,879 to manage risk.

Given the ongoing macroeconomic uncertainty and Federal Reserve rate expectations, gold remains in a consolidation phase. A decisive move above resistance or below key support levels will likely determine its next direction.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2866

Take Profit – 2845

Stop Loss – 2879

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$2100/ -$1300

Profit & Loss Per Mini Lot = +$210/ -$130