Gold Intraday Signal: Watch 5160
The Gold Intraday Signal reflects rebound potential as price stabilizes above the pivot support at 5160. Momentum conditions are improving, with the RSI calling for a rebound and suggesting strengthening upside pressure. As long as price holds above 5160, the short-term bias remains constructive.
Immediate resistance is located at 5215. A sustained move above this level would confirm renewed buying interest and likely extend the advance toward the upside objective at 5235. Holding above the pivot reinforces the developing recovery structure and keeps buyers in short-term control.
Trade Setup:
Enter: Long above 5160
Stop-Loss (SL): 5130
Target A: 5215
Target B: 5235