Gold Intraday Signal: Watch 5100
The Gold Intraday Signal reflects a bullish bias while price remains supported above the pivot level at 5100. Momentum conditions favor buyers, with the RSI positioned in bullish territory, reinforcing the short-term positive structure. As long as price trades above 5100, upside pressure is expected to persist.
Immediate resistance is located at 5190. A sustained move above this level would confirm renewed buying momentum and accelerate the advance toward the extended upside objective at 5250. Holding above the pivot reinforces the intraday bullish structure and keeps buyers in tactical control.
Alternatively, a decisive break below 5100 would neutralize the bullish scenario and expose lower support levels at 5055 and 5005, suggesting a potential short-term corrective decline.
Trade Setup:
Enter: Long above 5100
Stop-Loss (SL): 5055
Target A: 5190
Target B: 5250