Gold Intraday Signal: Watch 5125
The Gold Intraday Signal maintains a bullish tone as price remains supported above the pivot level at 5125. Momentum conditions favor buyers, with the RSI advocating for further upside. As long as price trades above 5125, the positive bias remains intact.
Immediate resistance is located at 5235. A sustained move above this level would confirm renewed buying momentum and likely trigger continuation toward the extended upside objective at 5290. Holding above the pivot reinforces the constructive intraday structure and keeps buyers in control.
Alternatively, a decisive break below 5125 would neutralize the bullish scenario and expose lower support levels at 5090 and 5045, suggesting a potential short-term corrective move.
Trade Setup:
Enter: Long above 5125
Stop-Loss (SL): 5090
Target A: 5235
Target B: 5290