Gold Intraday Signal: Turning Up Above 3980.00
Gold (XAU/USD) is turning higher while maintaining a bullish intraday structure above the pivot level at 3980.00. Buyers are regaining control, eyeing resistance targets at 4045.00 and 4073.00 in extension. The price has stabilized near support and is now showing renewed buying pressure, suggesting a continuation of the short-term uptrend.
The RSI advocates for further upside, confirming growing bullish momentum. Price remains aligned with the 20- and 50-period moving averages, both trending upward, which reinforces the positive technical setup. A break above 4045.00 would open the path toward 4073.00, strengthening the bullish scenario further.
Alternatively, a drop below 3980.00 would invalidate the current bias and expose supports at 3962.00 and 3943.00 before potential buyers return. For now, the bias remains firmly bullish.
Trade Setup:
Enter: Long above 3980.00
Stop-Loss (SL): 3962.00
Target A: 4045.00
Target B: 4073.00
