Gold Intraday Signal: Upside Momentum Prevails Above 4055.00
Gold (XAU/USD) maintains a bullish intraday bias while holding above the pivot level at 4055.00. Buyers remain firmly in control, targeting resistance levels at 4110.00 and 4145.00 in extension. The short-term structure shows continued higher lows, confirming the persistence of upward momentum and a strengthening bullish trend.
The RSI supports this view, remaining in bullish territory and advocating for further advance. Price action also trades above both the 20- and 50-period moving averages, confirming positive alignment and sustained buyer dominance. A decisive move above 4110.00 would validate the next bullish wave toward 4145.00, marking an extension of the uptrend.
Alternatively, a break below 4055.00 would neutralize the immediate bullish outlook and open the door for a pullback toward 4030.00 and 3997.00 before new buying interest may appear.
Trade Setup:
Enter: Long above 4055.00
Stop-Loss (SL): 4030.00
Target A: 4110.00
Target B: 4145.00
