GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Gold struggles beneath $3,331, forming a bearish triangle with spinning tops and bearish engulfing patterns.

- RSI remains neutral-bearish at 46.66, lacking bullish divergence confirmation.

- Break above $3,331 needed for bulls; failure could expose $3,233 downside targets.

Gold prices continue to consolidate within a defined descending triangle, a bearish continuation pattern, while maintaining higher low formations near $3,268. A descending trendline caps upside momentum, with sellers firmly defending the $3,331 zone.

Recent candlestick action has produced multiple spinning tops and a bearish engulfing near resistance — a sign of prevailing indecision giving way to downside pressure.

The RSI is hovering at 46.66, recovering modestly from oversold territory but still below the midline, indicating weak bullish momentum.

Notably, there is no significant bullish divergence, suggesting buyers lack strong conviction. Price remains compressed below the 50-EMA ($3,316), which is sloping downward — a bearish signal.

The broader structure still favors sellers unless $3,331 is decisively broken. Failure to break above the triangle resistance could invite renewed pressure toward $3,268, and if breached, $3,233 support may come into play. A break above $3,331 would negate the bearish setup and expose $3,371 as the next major resistance.

The market also shows hints of a broader bear flag developing on higher timeframes, raising the stakes for upcoming sessions.

Traders should monitor for Doji or shooting star confirmations near resistance to validate short entries, while three white soldiers around $3,268 could signal a trend reversal.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3267

Take Profit – 3331

Stop Loss – 3233

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$6400/ -$3400

Profit & Loss Per Mini Lot = +$640/ -$340