GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Channel Breakdown: Gold has broken below its upward channel, shifting short-term bias to bearish.

- SMA Flip: Price now trades under the 50-period SMA, increasing bearish conviction.

- Momentum Drops: RSI at 36 suggests sellers are gaining strength.

Gold has broken below its rising channel and is showing signs of trend exhaustion after failing to hold above the $3,370 support zone. The recent break under both the ascending channel support and the 50-period SMA ($3,368) confirms a short-term bearish shift. Price action is now targeting the next support area around $3,273, provided the bearish pressure sustains.

The rejection near $3,453 followed by consecutive bearish candlesticks points to a strong reversal pattern. This is further supported by a drop in the RSI, now at 36.00, which reflects increasing downside momentum and puts buyers on the defensive.

Sellers are likely to remain in control below $3,370. A daily close beneath this threshold confirms the breakdown. The next area of interest for sellers is the $3,273 support, while any recovery above $3,433 would invalidate the short setup and suggest bullish reentry.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 3370

Take Profit – 3273

Stop Loss – 3433

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$9700/ -$6300

Profit & Loss Per Mini Lot = +$970/ -$630