📈 Gold 11th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 2918

Key resistance above DCMP | Support below DCMP identified

🔑 Key Levels Summary

Resistance (SELL Zones):

✅ 2954 (Weekly R3)

✅ 2945 (Daily R3)

✅ 2925 (Daily R2)

Support (BUY Zones):

✅ 2910 (Weekly S3)

✅ 2873 (Daily S1)

✅ 2841 (Daily S3)

Swing Levels:

🔺 Daily Swing High: 2730

🔻 Daily Swing Low: 2726

📊 Technical Analysis Overview

Pivot Strategy: Weekly pivots define critical reversal zones

Fibonacci Tool: Price hovering near 61.8% retracement level

RSI/MACD: Neutral RSI (54) with MACD hinting at bullish crossover

Price Action: Testing confluence of 200-EMA + horizontal resistance

💡 Trade Setup #1: Intraday Buy

Entry: 2910 🟢

Stop Loss: 2890 🔴 (20 pts risk)

Take Profit 1: 2935 🟡 (1:1.25 RR)

Take Profit 2: 2954 🔵 (1:2.2 RR)

Rationale: Strong support cluster with weekly S3 + 50-day SMA confluence

💡 Trade Setup #2: Intraday Sell

Entry: 2954 🔴

Stop Loss: 2975 🟠 (21 pts risk)

Take Profit 1: 2925 🟡 (1:1.38 RR)

Take Profit 2: 2900 🔵 (1:2.57 RR)

Rationale: Weekly R3 resistance + overbought RSI signal

⚠️ Risk Management Tips

Use 1-2% capital per trade

Trail stops after TP1 hit

Avoid trading during FOMC announcements