Gold Intraday Signal: Bullish Momentum Holds Above 3975.00
Gold (XAU/USD) maintains a bullish intraday bias while trading above the pivot level at 3975.00. Buyers continue to defend this key support area, targeting upside levels at 4004.00 and 4020.00 in extension. The overall price structure remains positive, with buyers stepping in on dips and consolidating near upper levels — a sign of ongoing strength within the short-term trend.
Momentum indicators present a mixed-to-bullish configuration. The RSI is holding above the midline, suggesting a gradual build-up in buying pressure, while price action remains supported above key moving averages. A confirmed break above 4004.00 would validate the next wave toward 4020.00, reinforcing the bullish continuation.
Alternatively, a move below 3975.00 would challenge the current bias and expose downside targets at 3964.00 and 3948.00 before potential demand re-emerges.
Trade Setup:
Enter: Long above 3975.00
Stop-Loss (SL): 3964.00
Target A: 4004.00
Target B: 4020.00
