GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Bearish Flag Formation: Gold is consolidating below $3,345 after failing to recover its broken uptrend.

- SMA as Resistance: Price remains capped below the 50-SMA, reinforcing bearish bias.

- Momentum Still Soft: RSI at 45.67 with no strong bullish divergence, suggesting downside potential.

  Gold is struggling to regain bullish momentum after its recent breakdown from the ascending channel. The price was rejected around the $3,345 level — now acting as short-term resistance — and remains below the 50-period SMA ($3,366), indicating that sellers are still in control.

A bearish setup is building below this structure, with a potential continuation toward the $3,290 support zone if $3,345 fails to break.

  Recent price action shows lower highs and a rejection candle off the $3,345 resistance zone, forming a potential bearish flag. This aligns with the RSI reading of 45.67, which remains under pressure and confirms weakening upward momentum.

If sellers manage to push the price below $3,345, the next key level to watch will be $3,290, followed by $3,288. A close above $3,390 would invalidate the bearish setup and suggest a short-term reversal toward $3,411.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 3345

Take Profit – 3290

Stop Loss – 3390

Risk to Reward – 1: 1.2

Profit & Loss Per Standard Lot = +$5500/ -$4500

Profit & Loss Per Mini Lot = +$550/ -$450