💹 Gold 11th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 2896

Price Context: Gold trades below immediate resistance at 2927 and above critical support at 2870.

📊 Key Levels & Technical Snapshot

Resistance Levels (Above DCMP):

R3: 2973 🔴

R2: 2944

R1: 2927 🎯

Support Levels (Below DCMP):

S1: 2870 🎯

S2: 2852

S3: 2823

Swing High/Low:

Daily Swing High: 2956

Daily Swing Low: 2832

📈 Technical Analysis

1. Pivot Levels:

Weekly Pivot: 2898

Daily Pivot: 2895

2. Fibonacci Retracement:

Key retracement zones align with S1 (2870) and R1 (2927), suggesting potential reversal points.

3. Momentum Indicators:

RSI: Neutral but shows divergence near overbought/oversold zones.

MACD: Bearish crossover below signal line, indicating short-term downside pressure.

🚀 Intraday Trade Setups

Trade Idea 1: Intraday Buy

Entry: 2870 🎯

Stop Loss: 2852 🛑

Take Profit 1: 2895 ✅

Take Profit 2: 2910 ✅

Rationale: Strong confluence at S1 (2870) with bullish MACD reversal potential.

Trade Idea 2: Intraday Sell

Entry: 2927 🎯

Stop Loss: 2944 🛑

Take Profit 1: 2898 ✅

Take Profit 2: 2881 ✅

Rationale: R1 (2927) aligns with weekly resistance and bearish RSI divergence.

⚠️ Risk Management Tips

Tighten stops if price breaches pivot levels (2895–2898).

Avoid over-leverage due to volatile MACD signals.

Conclusion

Gold remains range-bound between 2870–2927. Focus on intraday trades at tested support/resistance levels with strict risk parameters. Update strategies if price breaks 2956 (swing high) or 2832 (swing low).