Gold Intraday Signal: Upside Momentum Prevails Above 4180.00
Gold (XAU/USD) continues to trade with a firm bullish tone while holding above the pivot level at 4180.00. Buyers remain in control, aiming for the next resistance levels at 4245.00 and 4265.00 in extension. The structure reflects strong upside momentum supported by consistent higher lows and sustained demand above the pivot zone.
Momentum indicators confirm the bullish setup — the RSI is climbing steadily and advocates for further advance, highlighting persistent buying strength. Price action also remains well above both the 20- and 50-period moving averages, reinforcing the upward bias. A clear break above 4245.00 would likely accelerate the move toward 4265.00, validating the continuation of the bullish wave.
Alternatively, a decline below 4180.00 would weaken the short-term outlook and expose supports at 4145.00 and 4120.00 before buyers may re-enter the market.
Trade Setup:
Enter: Long above 4180.00
Stop-Loss (SL): 4145.00
Target A: 4245.00
Target B: 4265.00