📈 Gold 12th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 2915

Gold trades below immediate resistance at 2927 and above critical support at 2870. Key levels suggest a consolidation phase with breakout potential.

Key Levels & Technical Snapshot 🎯

🟢 Support Zones

Strong Support: 2870 (Intraday Buy Trigger)

Secondary Support: 2852

Swing Low (Daily/4H): 2880

🔴 Resistance Zones

Immediate Resistance: 2927 (Intraday Sell Trigger)

Secondary Resistance: 2944

Swing High (Daily/4H): 2956

📊 Technical Indicators

RSI: Neutral (52), no divergence observed.

MACD: Bullish crossover forming near 2900.

Fibonacci: Retracement aligns with 2870 (38.2%) and 2927 (61.8%).

Trade Setups 💼

1️⃣ Intraday Buy Trade

Entry: 🎯 2870

Stop Loss: 🚫 2852

Take Profit 1: ✅ 2898

Take Profit 2: ✅ 2922

Rationale:

2870 aligns with weekly pivot support and 38.2% Fib level.

MACD crossover and swing low at 2880 add confluence.

2️⃣ Intraday Sell Trade

Entry: 🎯 2927

Stop Loss: 🚫 2944

Take Profit 1: ✅ 2906

Take Profit 2: ✅ 2880

Rationale:

2927 marks weekly pivot resistance and 61.8% Fib extension.

Swing high at 2956 limits upside momentum.

Final Outlook 🔍

Gold’s price action near 2915 suggests a tug-of-war between bulls and bears. Intraday trades at 2870 (buy) and 2927 (sell) offer favorable risk-reward ratios. Monitor MACD momentum and RSI for confirmation.

🔔 Key Watch: A sustained break above 2944 could invalidate bearish bias, while a dip below 2852 may trigger aggressive selling.