GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Gold faces resistance at $2,930.55, with selling pressure building below the $2,919 pivot point.

- Support at $2,902.12 is critical—a break lower could trigger a sharper decline toward $2,880.40.

- Sell strategy below $2,919 with take-profit at $2,902 and stop-loss at $2,930 aligns with current bearish momentum.

Gold (XAU/USD) is trading at $2,918.48, up 0.02%, as it hovers near its pivot point at $2,919.09. The metal remains in a tight range, with traders awaiting a decisive move amid shifting market sentiment.

The 50-day EMA at $2,908.68 suggests moderate downside pressure, with short-term selling opportunities emerging below the pivot.

On the upside, gold faces immediate resistance at $2,930.55, with additional barriers at $2,942.01 and $2,954.43. A break above these levels could trigger bullish momentum, targeting new highs. However, failure to surpass $2,930.55 may reinforce a bearish outlook.

Support lies at $2,902.12, with further downside levels at $2,891.50 and $2,880.40. A drop below $2,902.12 would confirm increased selling pressure, potentially accelerating losses toward lower support zones.

The pivot point at $2,919.09 serves as a key threshold—trading below it favors a bearish bias, while sustaining above it may shift momentum toward the bulls.

Given the technical setup, a sell position below $2,919 is favored, targeting $2,902 for a take-profit level, with a stop-loss placed at $2,930. Gold’s near-term movement will largely depend on U.S. inflation data and Federal Reserve signals, which could sway sentiment and drive volatility.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2919

Take Profit – 2902

Stop Loss – 2930

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$1700/ -$1100

Profit & Loss Per Mini Lot = +$170/ -$110