📈 Gold 13th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 2,944

Key Price Levels & Technical Snapshot

Above DCMP (Resistance):

Immediate Resistance: 2,948

Major Resistance: 2,961

Swing High: 2,956 🚩

Below DCMP (Support):

Immediate Support: 2,913

Major Support: 2,905

Swing Low: 2,880 🚩

Pivot Levels:

Weekly Pivot: 2,898

Daily Pivot: 2,926

Technical Analysis Breakdown

Fibonacci Levels:

Retracement zones align with support at 2,913 (38.2%) and resistance at 2,961 (61.8%).

RSI Divergence:

Neutral RSI (54) suggests consolidation near DCMP.

MACD Crossover:

Bullish momentum fading as MACD nears signal line.

Intraday Trade Ideas 💼

Trade Setup 1: Intraday Buy

Entry: 2,927 📍

Stop Loss: 2,913 🔴

Take Profit 1: 2,940 🟢

Take Profit 2: 2,948 🟢

Rationale: DCMP holds above weekly pivot (2,898), with immediate support at 2,913.

Trade Setup 2: Intraday Sell

Entry: 2,973 📍

Stop Loss: 2,985 🔴

Take Profit 1: 2,948 🟢

Take Profit 2: 2,926 🟢

Rationale: Resistance convergence at 2,961-2,973 zone aligns with overbought RSI signals.

Final Thoughts 🔍

Gold consolidates near DCMP (2,944) with a slight bearish bias due to MACD weakness. Focus on key levels for intraday trades: buy dips toward 2,913-2,927 and sell rallies near 2,961-2,973. Risk management via tight stops is critical!