Gold Intraday Signal: Bullish Momentum Targets 4045.00
Gold (XAU/USD) maintains a bullish intraday structure while trading above the pivot level at 3980.00. Buyers are in control, targeting resistance levels at 4045.00 and 4073.00 in extension. The recent rebound from the 3980.00 support confirms ongoing demand, and as long as this level holds, the outlook remains positive.
The RSI has just bounced from its neutrality area near 50%, indicating strengthening bullish momentum. Price action is also recovering above short-term moving averages, suggesting renewed buying pressure within the uptrend channel. A confirmed break above 4045.00 would open the way toward 4073.00 — marking a continuation of the bullish leg.
Alternatively, if price falls below 3980.00, short-term weakness could push it toward 3955.00 and 3920.00 before buyers attempt to re-enter. For now, the momentum setup favors further gains.
Trade Setup:
Enter: Long above 3980.00
Stop-Loss (SL): 3955.00
Target A: 4045.00
Target B: 4073.00
