GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Bullish Bias Holds: Gold sustains breakout above $3,168 pivot; eyes $3,255–$3,298 Fibonacci targets.
- Momentum Backed by SMA: 50-SMA at $3,167 continues to offer solid dynamic support.
- RSI Neutral-Bullish: RSI at 61 suggests further room for upside without immediate overbought risk.
Gold prices are exhibiting strong bullish momentum after decisively breaking above the $3,168 Fibonacci pivot level, retracing fully from the April 4 dip near $2,956.
The recent breakout above the 1.0 Fibonacci level at $3,168 has been sustained, with prices consolidating in a tight range just below the $3,255 resistance — the 1.414 Fib extension level. This signals a potential continuation toward the 1.618 extension at $3,298, provided the bullish structure remains intact.
Technically, gold remains supported by the upward sloping 50-period SMA, currently at $3,167. This moving average has acted as a dynamic support since the April rebound began, reflecting the persistent demand for the metal amid geopolitical and inflationary concerns.
Meanwhile, the Relative Strength Index (RSI) is hovering near 61, indicating that while bullish momentum is present, the market is not yet in overbought territory, offering room for further upside.
Immediate support is now observed at $3,206 — aligning with recent consolidation lows — followed by stronger buying interest expected near the $3,168 and $3,123 retracement zones. As long as gold holds above the $3,167 stop-loss threshold, the bullish thesis remains valid.
A breakout above $3,255 could trigger momentum toward the $3,283 and $3,298 resistances, with potential for a further extension to $3,338 should bullish sentiment intensify. However, failure to hold above $3,206 would expose gold to a pullback toward the $3,167-$3,123 support cluster.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Buy Above 3206
Take Profit – 3283
Stop Loss – 3167
Risk to Reward – 1: 1.9
Profit & Loss Per Standard Lot = +$7700/ -$3900
Profit & Loss Per Mini Lot = +$770/ -$390
GOLD Price Analysis – April 15, 2025
Daily Price Outlook
During the early European session on Tuesday, the Gold price (XAU/USD) maintains its firm tone around the $3,225 level, hovering just below the record high set the previous day.
However, the yellow metal continues to draw support from intensifying US-China trade tensions and increasing market speculation that the Federal Reserve will ease monetary policy further in 2025.
Although, the temporary tariff relief offered by the US has kept broader market sentiment steady, preventing aggressive bullish momentum in Gold.
Gold Supported by Escalating US-China Trade Tensions and Safe-Haven Demand
However, the bullish undertone in Gold remains intact as concerns deepen over the rapidly worsening US-China trade war. After President Trump increased tariffs on Chinese products to a record 145%, China responded by raising its own tariffs on US goods up to 125%.
These back-and-forth actions between the two largest economies have made investors nervous about a global economic slowdown. As a result, more people are turning to safe-haven assets like Gold, which has helped keep its price strong.
Despite the temporary exemptions on some electronic products and suggested he might ease tariffs on the auto industry, the overall situation is still uncertain.
He also warned that new tariffs on semiconductors and pharmaceuticals could be coming soon. Because of this ongoing tension between the US and China, investors remain cautious, and this continues to support Gold prices near their all-time highs.
Gold Gains from Fed Rate-Cut Bets and Weak US Dollar Sentiment
Gold also finds tailwinds from growing expectations of aggressive rate cuts by the Federal Reserve. Traders are now pricing in at least three rate cuts in 2025 as fears of a US recession rise.
The US Dollar remains on the back foot as investors bet that softer monetary policy will be required to cushion the economic blow from trade disruptions.
Recent comments from Fed Governor Christopher Waller, who warned that the tariff shock may force the Fed to act, and Atlanta Fed President Raphael Bostic, who noted inflation pressures remain due to tariffs, have reinforced dovish sentiment.
Market focus is now turning to Fed Chair Jerome Powell's speech on Wednesday for clearer policy guidance, which could further shape Gold’s next move.
Traders are watching Tuesday's Empire State Manufacturing Index and upcoming speeches from Fed officials to get a sense of short-term direction. The overall trend is still leaning upward, as concerns and expectations of rate cuts keep Gold in demand, especially with the weaker US dollar.
GOLD (XAU/USD) – Technical Analysis
Gold prices are exhibiting strong bullish momentum after decisively breaking above the $3,168 Fibonacci pivot level, retracing fully from the April 4 dip near $2,956.
The recent breakout above the 1.0 Fibonacci level at $3,168 has been sustained, with prices consolidating in a tight range just below the $3,255 resistance — the 1.414 Fib extension level. This signals a potential continuation toward the 1.618 extension at $3,298, provided the bullish structure remains intact.
Technically, gold remains supported by the upward sloping 50-period SMA, currently at $3,167. This moving average has acted as a dynamic support since the April rebound began, reflecting the persistent demand for the metal amid geopolitical and inflationary concerns.
Meanwhile, the Relative Strength Index (RSI) is hovering near 61, indicating that while bullish momentum is present, the market is not yet in overbought territory, offering room for further upside.
Immediate support is now observed at $3,206 — aligning with recent consolidation lows — followed by stronger buying interest expected near the $3,168 and $3,123 retracement zones. As long as gold holds above the $3,167 stop-loss threshold, the bullish thesis remains valid.
A breakout above $3,255 could trigger momentum toward the $3,283 and $3,298 resistances, with potential for a further extension to $3,338 should bullish sentiment intensify. However, failure to hold above $3,206 would expose gold to a pullback toward the $3,167-$3,123 support cluster.
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GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold tests $3,255 resistance after clean breakout above $3,206
- Overbought RSI may trigger short-term pause or consolidation
- Next upside targets lie at $3,283 and $3,298 if momentum holds
Gold (XAU/USD) is extending its bullish momentum, currently hovering near the $3,232 level after decisively breaking past the $3,206 pivot. The uptrend remains firmly intact, supported by strong price action and a 50 SMA rising below current levels at $3,096. The market is now testing resistance at $3,255.39, a key Fib extension level, with upside potential toward $3,298.43 if buyers maintain control.
However, RSI at 70.82 signals overbought conditions, suggesting the rally could stall or consolidate before pushing higher. If the price fails to clear $3,255, we could see a retest of $3,206 or deeper toward $3,167, which now serves as a key downside risk level.
Gold remains bullish above the $3,206 breakout point. A sustained close above this level keeps the upside bias toward $3,283 and $3,298, with caution warranted as RSI stretches into overbought territory.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Buy Above 3206
Take Profit – 3283
Stop Loss – 3167
Risk to Reward – 1: 1.9
Profit & Loss Per Standard Lot = +$7700/ -$3900
Profit & Loss Per Mini Lot = +$770/ -$390
GOLD Price Analysis – April 14, 2025
Daily Price Outlook
Gold (XAU/USD) prices experienced a mild retreat after reaching a fresh all-time high earlier this week, trading with a slight negative bias around the $3,220 level during the first half of the European session.
This pullback can be attributed to profit-taking, as markets adopt a more risk-on sentiment and global equity markets show strength.
Despite the dip, the broader market outlook suggests that strong downside remains unlikely, particularly as global uncertainties continue to underpin demand for the safe-haven asset.
Gold Price Supported by Escalating US-China Trade Tensions
However, the recent retreat in gold prices comes amid heightened risk sentiment, but any notable declines are expected to be limited. This is largely due to escalating US-China trade tensions, which are expected to continue to act as a tailwind for gold.
Last Friday, China increased tariffs on US imports to 125%, responding to President Donald Trump’s decision to raise tariffs on Chinese goods to 145%. These developments have sparked further fears of a slowdown in global economic growth, which could lift gold prices back to their all-time highs.
Investors are keenly watching these trade dynamics, as the continued friction between the world’s two largest economies presents a strong case for holding gold as a safe-haven asset.
Fed Rate Cut Expectations and Weak US Dollar Keep Gold Supported
Investor sentiment has also been influenced by expectations that the Federal Reserve will soon resume its rate-cutting cycle.
Meanwhile, the recent US economic data, including weaker-than-expected inflation figures, have fueled speculation that the Fed may lower borrowing costs at least three times this year.
The sharp decline in US Treasury yields and the continued weakness of the US Dollar, which is hovering near its lowest level since April 2022, have provided further support to gold.
This outlook for easing monetary policy comes amid concerns over a slowdown in the US economy due to tariff-driven disruptions.
Gold, being a non-yielding asset, benefits from a weaker dollar and lower interest rates, and these factors are likely to keep downward pressure on gold prices at bay.
On the data front, the latest US Consumer Price Index (CPI) report for March showed a 0.1% monthly decline and a decrease in the yearly inflation rate to 2.4%, further fueling expectations that the Fed may pivot towards more dovish monetary policies.
Inflation Concerns and Safe-Haven Demand Provide a Strong Floor for Gold
Another factor supporting gold's rise is the expectation that tariffs will cause higher inflation in the coming months. As a result, gold is seen as a safe bet against rising prices, which helps maintain strong demand for the metal.
With the market expecting the Fed to cut rates by 90 basis points by the end of 2025, gold is likely to keep appreciating in the near future.
This week, investors are paying close attention to statements from key Federal Reserve officials, including Fed Chair Jerome Powell on Wednesday, as these comments could shed light on future rate cuts.
Additionally, the US Retail Sales data, set for release later this week, could drive demand for the US Dollar and influence gold's price.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) is extending its bullish momentum, currently hovering near the $3,232 level after decisively breaking past the $3,206 pivot. The uptrend remains firmly intact, supported by strong price action and a 50 SMA rising below current levels at $3,096.
The market is now testing resistance at $3,255.39, a key Fib extension level, with upside potential toward $3,298.43 if buyers maintain control.
However, RSI at 70.82 signals overbought conditions, suggesting the rally could stall or consolidate before pushing higher. If the price fails to clear $3,255, we could see a retest of $3,206 or deeper toward $3,167, which now serves as a key downside risk level.
Gold remains bullish above the $3,206 breakout point. A sustained close above this level keeps the upside bias toward $3,283 and $3,298, with caution warranted as RSI stretches into overbought territory.
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GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold stalls near $3,219 Fibonacci resistance as RSI signals overbought.
- Short-term correction likely if $3,219 fails to break cleanly.
- Break below $3,160 may trigger drop toward $3,095.
Gold (XAU/USD) continues to climb, extending its rally to a session high of $3,213.16 before cooling slightly to $3,208.71. Price action is pushing against a significant resistance zone at $3,219, which aligns with a key Fibonacci retracement level.
While momentum remains bullish, traders should be cautious of a short-term pullback as the RSI at 74.14 signals overbought conditions and a potential bearish divergence.
The metal is trading well above its 50-period EMA at $3,065.10, reinforcing the strength of the uptrend. However, a rejection near the $3,219 resistance could trigger a corrective move. The key pivot support sits at $3,160, a level that previously acted as both resistance and now flipped to potential support.
Immediate resistance is marked at $3,219, with higher targets at $3,252 and $3,338 should bullish momentum continue. On the downside, a break below $3,160 could open the door toward $3,124 and further to $3,095.
Given the strong advance, traders may look for a reversal pattern near $3,219 for a potential short entry. A break below the $3,160 pivot would confirm near-term bearish pressure and shift sentiment toward consolidation.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Sell Below 3219
Take Profit – 3160
Stop Loss – 3252
Risk to Reward – 1: 1.7
Profit & Loss Per Standard Lot = +$5900/ -$3300
Profit & Loss Per Mini Lot = +$590/ -$330
GOLD Price Analysis – April 11, 2025
Daily Price Outlook
Gold prices (XAU/USD) have surged close to record highs, nearing the $3,230 mark in European trading on Friday. This surge is driven by escalating tensions in the US-China trade war and growing expectations of Federal Reserve (Fed) rate cuts, which are fueling a broader risk-off sentiment and bolstering demand for safe-haven assets.
US-China Trade War Intensifies, Boosting Gold
The recent sharp escalation in the US-China trade war has significantly impacted global market sentiment. China has retaliated by imposing a 125% tariff on US goods, an increase from the previous 84%, while the US sharply raised tariffs on Chinese imports, introducing a new 125% levy on top of an existing 20%, making the total tariff burden a striking 145%.
This aggressive stance has increased fears of broader economic repercussions, further driving investors toward the safety of gold.
As a result, the gold has emerged as a primary hedge against this uncertainty, with traders flocking to the precious metal as a store of value. In the meantime, the US dollar has also faced strong sell-offs across the board as traders digest the trade war fallout and its potential impact on economic growth.
Fed Rate Cut Speculation Fuels Gold's Rally
Apart from this, the recent US inflation data has increased expectations that the Federal Reserve might start cutting interest rates soon.
The Consumer Price Index (CPI) for March showed a yearly increase of just 2.4%, which was lower than the expected 2.6% and also less than February’s 2.8%. Similarly, the Core CPI, which excludes food and energy prices, rose by 2.8%, also below forecasts.
These weaker inflation numbers have made markets believe that the Fed could reduce interest rates by as much as one full percentage point before the year ends. Lower interest rates usually mean cheaper borrowing and less support for the US dollar, making it easier for investors to turn to other assets.
As a result, the US Dollar Index (DXY), which compares the dollar to other major currencies, has dropped to around 100.20. This decline in the dollar has helped push gold prices higher, as gold becomes more attractive when the dollar weakens.
At the same time, concerns about both the US and global economic outlooks are leading investors to expect a more dovish approach from the Fed. If the Fed signals rate cuts, non-yielding assets like gold — which don’t offer interest but hold value — become more appealing, encouraging a shift in investment strategies.
China’s Economic Struggles Add to the Mix
China's economic data also paints a bleak picture, with March’s Consumer Price Index (CPI) falling by 0.1%, worse than the expected 0.1% increase.
The country’s Producer Price Index (PPI) contracted by 2.5%, more than anticipated. This slowdown in China’s economy adds to the broader global uncertainty, pushing traders to seek the safety of gold.
Outlook for Gold
Looking ahead, traders will keep a close eye on upcoming US economic data, including the March Producer Price Index (PPI) and preliminary Michigan Consumer Sentiment data. These reports will provide further insight into inflationary pressures and may influence the Fed's decision-making process.
Despite occasional corrections, gold is well-positioned to maintain its bullish trajectory, supported by growing safe-haven demand, expectations of dovish Fed policies, and global economic uncertainties.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) continues to climb, extending its rally to a session high of $3,213.16 before cooling slightly to $3,208.71. Price action is pushing against a significant resistance zone at $3,219, which aligns with a key Fibonacci retracement level.
While momentum remains bullish, traders should be cautious of a short-term pullback as the RSI at 74.14 signals overbought conditions and a potential bearish divergence.
The metal is trading well above its 50-period EMA at $3,065.10, reinforcing the strength of the uptrend. However, a rejection near the $3,219 resistance could trigger a corrective move. The key pivot support sits at $3,160, a level that previously acted as both resistance and now flipped to potential support.
Immediate resistance is marked at $3,219, with higher targets at $3,252 and $3,338 should bullish momentum continue. On the downside, a break below $3,160 could open the door toward $3,124 and further to $3,095.
Given the strong advance, traders may look for a reversal pattern near $3,219 for a potential short entry. A break below the $3,160 pivot would confirm near-term bearish pressure and shift sentiment toward consolidation.
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GOLD Price Analysis – April 10, 2025
Daily Price Outlook
Gold price (XAU/USD) delivered a jaw-dropping rally in Thursday trading, surging nearly 5.00% since Tuesday and hovering around the $3,130 mark. The bullish momentum comes amid escalating US-China trade tensions, renewed safe-haven demand, and shifting Federal Reserve rate cut expectations.
Gold Gains as US-China Tariff Clash Sparks Safe-Haven Demand
As we mentioned, the yellow metal found strong support after US President Donald Trump announced a 125% tariff on Chinese imports, immediately following Beijing’s move to impose an 84% tariff on all US goods starting Thursday.
Meanwhile, Trump temporarily paused higher tariffs on 56 other countries and the European Union, setting a baseline rate of 10%. These developments have stoked fears of a prolonged economic conflict between the world’s two largest economies, reviving investor demand for safe-haven assets like gold.
Yuan Weakness and Currency Tensions Add to Gold's Appeal
Further supporting gold’s rally, the People’s Bank of China (PBOC) devalued the Chinese Yuan (CNY) for the sixth consecutive session, despite warnings from US Treasury Secretary Scott Bessent.
Markets interpret this as a strategic move by Beijing, echoing past tactics from earlier trade war episodes. The weakening Yuan added to global market volatility, pushing investors toward gold’s relative stability.
Fed Rate Cut Bets and Central Bank Buying Support Gold
On the monetary policy front, the CME FedWatch Tool shows that expectations for a rate cut in May have sharply declined to 19.5%, down from 44.6% earlier this week. However, markets still see a 75.3% chance of easing in June.
Despite recent hawkish Fed commentary, broader investor sentiment continues to lean toward future monetary easing, providing additional support to the non-yielding precious metal.
Gold is also gaining long-term bullish traction as central banks increase bullion holdings amid growing global uncertainties. Historical patterns—such as the post-2008 Global Financial Crisis rally—suggest sustained upside potential as financial assets fail to deliver safe-haven value.
GOLD (XAU/USD) – Technical Analysis
Gold is consolidating just below $3,120 after a sharp two-day rebound from the $3,002 support zone. Price action has now reclaimed the 50-period SMA at $3,077, signaling a short-term bullish shift.
However, the rally is approaching a key barrier at $3,137—a horizontal resistance level that rejected prices twice last week. If bulls manage to close above this level, the next upside targets lie at $3,168 and $3,199.
On the downside, a pullback toward $3,108 could offer a buying opportunity. Immediate support rests at $3,077, followed by a stronger floor near $3,037. The RSI at 63.8 reflects improving momentum, though nearing overbought territory. Until price breaks above $3,137, we may see some sideways consolidation.
Gold is showing strength above the $3,077 level, but bulls need a decisive break above $3,137 to sustain momentum. Watch for a dip to $3,108 for potential entry.
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GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold reclaims 50 SMA at $3,077; upside capped near $3,137 with resistance at $3,168 and $3,199.
- A pullback to $3,108 could offer a buy-the-dip opportunity if bulls defend the $3,077 support.
- RSI at 63.85 signals bullish momentum, but overbought risks may lead to short-term consolidation.
Gold is consolidating just below $3,120 after a sharp two-day rebound from the $3,002 support zone. Price action has now reclaimed the 50-period SMA at $3,077, signaling a short-term bullish shift.
However, the rally is approaching a key barrier at $3,137—a horizontal resistance level that rejected prices twice last week. If bulls manage to close above this level, the next upside targets lie at $3,168 and $3,199.
On the downside, a pullback toward $3,108 could offer a buying opportunity. Immediate support rests at $3,077, followed by a stronger floor near $3,037. The RSI at 63.8 reflects improving momentum, though nearing overbought territory. Until price breaks above $3,137, we may see some sideways consolidation.
Gold is showing strength above the $3,077 level, but bulls need a decisive break above $3,137 to sustain momentum. Watch for a dip to $3,108 for potential entry.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Buy Limit 3108
Take Profit – 3165
Stop Loss – 3075
Risk to Reward – 1: 1.7
Profit & Loss Per Standard Lot = +$5700/ -$3300
Profit & Loss Per Mini Lot = +$570/ -$330
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold finds support at $2,990; bullish reversal in play.
- Resistance at $3,057 aligns with 50 EMA; breakout needed for upside momentum.
- RSI recovery supports short-term bounce, but bias stays cautious below $3,075.
Gold prices are showing early signs of recovery, trading around $3,023 after finding firm support near the $2,990 region. This level has now been tested multiple times, reinforcing its role as a key pivot.
Buyers have defended this support well, with prices rebounding toward $3,040. Still, the metal remains capped below the 50 EMA, which currently sits at $3,075—a zone that also aligns with horizontal resistance near $3,057.
If gold breaks above this resistance area, the next upside targets are $3,084 and $3,152. Meanwhile, on the downside, $2,990 remains critical. A sustained move below this would expose $2,953 and potentially $2,932 as next supports. The 50-period EMA at $3,075 continues to serve as a dynamic ceiling, suggesting any breakout needs to be confirmed by a close above this zone.
The Relative Strength Index (RSI) is currently at 48, slightly recovering from oversold conditions, and pointing higher—indicating that buyers may be regaining control in the short term. However, the broader trend remains vulnerable until the price decisively reclaims the $3,075 handle.
From a risk-reward standpoint, traders may consider a long position above $2,990, targeting a break toward $3,057, with a protective stop near $2,953. This setup aligns with trendline support and early bullish momentum.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Buy Above 2990
Take Profit – 3057
Stop Loss – 2953
Risk to Reward – 1: 1.8
Profit & Loss Per Standard Lot = +$6700/ -$3700
Profit & Loss Per Mini Lot = +$670/ -$370
GOLD Price Analysis – April 09, 2025
Daily Price Outlook
Gold prices (XAU/USD) have surged back toward the $3,050 mark during the early European session on Thursday. However, this bullish rally was driven by escalating US-China trade war, which could push the global economy into a recession. This heightened geopolitical uncertainty is fueling demand for safe-haven assets like gold, with investors seeking shelter amid fears of an economic slowdown.
In addition, the growing expectations that US tariffs may trigger a prolonged economic slowdown are boosting bets that the Federal Reserve (Fed) could resume its rate-cutting cycle, further driving the rally in precious metals.
US Dollar Weakness and Fed Rate-Cut Bets Boost Gold
Another factor that has been boosting the price of gold is the ongoing weakness of the US Dollar (USD). For the second day in a row, the USD has faced selling pressure as expectations grow that the Federal Reserve (Fed) may lower interest rates soon.
According to the CME Group’s FedWatch Tool, traders are now pricing in a 60% chance of a rate cut as early as May, with more cuts expected throughout 2025. This dovish outlook on US monetary policy has helped fuel gold’s upward trend, as the non-yielding precious metal becomes more appealing when interest rates are low.
Even though some Fed officials, like San Francisco Fed President Mary Daly, have expressed concerns about inflation due to tariffs, the market is still focused on the possibility of future rate cuts, weakening the USD and supporting gold.
Escalating US-China Trade Tensions Revive Safe-Haven Demand
On the geopolitical front, the intensifying trade war between the US and China is another major factor pushing gold’s price higher. The White House has confirmed that a 104% tariff on Chinese imports will take effect starting Wednesday, reigniting fears of a full-blown global trade war. This has led to increased risk aversion, with investors turning to safe-haven assets like gold to protect themselves from rising uncertainty.
Therefore, the potential for China to retaliate, including possibly selling US Treasuries, adds further complexity to the outlook for global markets, strengthening the support for gold’s rally.
Investors Eye Fed Minutes, CPI, and PPI Data for Direction
Looking ahead, traders are closely watching upcoming economic data, including the Fed’s minutes from its last meeting, as well as the US Consumer Price Index (CPI) and Producer Price Index (PPI) reports. These will offer key insights into inflation trends and the Fed’s future policy plans, which could affect both the USD and gold prices.
GOLD (XAU/USD) – Technical Analysis
Gold prices are showing early signs of recovery, trading around $3,023 after finding firm support near the $2,990 region. This level has now been tested multiple times, reinforcing its role as a key pivot.
Buyers have defended this support well, with prices rebounding toward $3,040. Still, the metal remains capped below the 50 EMA, which currently sits at $3,075—a zone that also aligns with horizontal resistance near $3,057.
If gold breaks above this resistance area, the next upside targets are $3,084 and $3,152. Meanwhile, on the downside, $2,990 remains critical. A sustained move below this would expose $2,953 and potentially $2,932 as next supports. The 50-period EMA at $3,075 continues to serve as a dynamic ceiling, suggesting any breakout needs to be confirmed by a close above this zone.
The Relative Strength Index (RSI) is currently at 48, slightly recovering from oversold conditions, and pointing higher—indicating that buyers may be regaining control in the short term. However, the broader trend remains vulnerable until the price decisively reclaims the $3,075 handle.
From a risk-reward standpoint, traders may consider a long position above $2,990, targeting a break toward $3,057, with a protective stop near $2,953. This setup aligns with trendline support and early bullish momentum.
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