Gold Intraday Signal: Support Holding Around 4140.00
Gold (XAU/USD) remains supported by the intraday pivot at 4140.00, maintaining a bullish tone as long as this level holds. Buyers are expected to remain active, aiming for resistance targets at 4161.00 and 4173.00 in extension. The current price action suggests steady accumulation above support, reinforcing the continuation of the upward bias.
Momentum indicators remain constructive — the RSI stays above its midline, confirming ongoing buying strength, while price trades comfortably above short-term moving averages. A breakout above 4161.00 would further validate the bullish scenario, paving the way for an extension toward 4173.00.
Alternatively, a drop below 4140.00 would challenge the short-term bullish outlook and expose downside levels at 4128.00 and 4109.00 before potential demand returns.
Trade Setup:
Enter: Long above 4140.00
Stop-Loss (SL): 4128.00
Target A: 4161.00
Target B: 4173.00
