The winner between the Glaswegian and 18-year-old former US Open junior champion Golding will face a second-round tie with Jo-Wilfried Tsonga, who lost to Andy Murray in last year's final.
But Baker believes it is vital that he overcomes his fellow Brit, the man ranked No.487 in the world.
The Scot said: "Last week at Nottingham I was a set up and 2-1 up against James Ward and the rain stopped play. I lost my momentum and went down in three sets.
"This is another encounter with a fellow Brit and it is vital for me to get the win."
Despite being boosted by a weekend practice session with Murray, Baker knows he would have to be at his best to then triumph in a second meeting with No.2 seed Tsonga.
The world No.207 said: "I played Jo-Wilfried three years back down at Nottingham I think it was and it was a tremendous experience.
"He hits a massive ball. For both Ollie and myself the prospect of meeting Tsonga is a tremendous incentive to make the second round."
Meanwhile, Andy Murray will face Spain's Guillermo Garcia-Lopez or Nicolas Mahut of France when he opens his Aegon Championship defence at Queen's Club.
The Scot, who was handed a first-round bye, will play not until tomorrow and admitted he is delighted to be back on grass after his quarter-final loss at the French Open to David Ferrer.
Murray said: "It's great to be back on the grass and I'm looking forward to the Aegon Championships."