GOLD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Gold remains range-bound within a descending channel under $3,270 resistance.

- RSI divergence and failed breakouts hint at downside risk.

- Watch for confirmation before fading the rally.

Gold (XAU/USD) continues to trade within a defined descending channel, capped by a stubborn resistance band near $3,270.

The metal attempted a breakout early Friday but failed to close above the 50-period SMA at $3,269.98, aligning closely with the descending trendline—a confluence zone acting as a barrier to bullish continuation.

Candlestick behavior shows indecision, with a spinning top forming near resistance, reinforcing the need for caution.

Technically, gold printed a series of higher lows from the $3,215 zone, suggesting gradual accumulation. Yet, no higher high has confirmed a trend reversal.

The Relative Strength Index (RSI) hovers at 53.47, near-neutral territory, but diverges modestly against recent price highs—a signal that bullish momentum is fading unless a fresh catalyst emerges.

The key pivot to watch is $3,270. A sustained break above this level, particularly with a bullish engulfing candle and volume spike, could open the door to $3,300 and $3,320.

However, price remains below the SMA and trapped beneath the trendline. Until bulls reclaim the $3,270–$3,275 zone, downside risks linger. A rejection here could lead to renewed bearish pressure toward $3,215, with deeper support at $3,171.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 3270

Take Profit – 3215

Stop Loss – 3300

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$5500/ -$3000

Profit & Loss Per Mini Lot = +$550/ -$300