Gold Intraday Signal: Bullish Momentum Holds Above 4170.00
Gold (XAU/USD) maintains a bullish intraday bias while trading above the pivot level at 4170.00. Buyers are defending this key support area, keeping the upward momentum intact and targeting resistance zones at 4210.00 and 4245.00 in extension. The recent price behavior shows strong stabilization above 4170.00, signaling that demand remains dominant in the short-term structure.
The RSI indicator is mixed to bullish, reflecting a steady build-up in buying momentum without signs of exhaustion. Price action also stays comfortably above both short-term moving averages, which confirms an ongoing uptrend environment. A breakout above 4210.00 would likely accelerate the move toward 4245.00, validating further bullish continuation.
Alternatively, a move below 4170.00 would challenge the current bias and expose downside targets at 4145.00 and 4120.00 before potential buyers re-enter the market.
Trade Setup:
Enter: Long above 4170.00
Stop-Loss (SL): 4145.00
Target A: 4210.00
Target B: 4245.00
