📊 Gold 14th January 2025 Daily Analysis Based on Main Key Levels

Gold is currently trading near critical support and resistance levels, offering structured trade setups for both intraday buying and selling opportunities. This analysis is based on the Daily Current Market Price (DCMP) of 2669 and incorporates swing high, swing low, Fibonacci retracement levels, RSI divergence, and MACD crossing to provide actionable insights for traders.

🔍 Key Levels Overview

Resistance Levels (Above DCMP):

🔴 Resistance 1: 2699

🔴 Resistance 2: 2718

🔴 Resistance 3: 2750

Support Levels (Below DCMP):

🟢 Support 1: 2635

🟢 Support 2: 2615

🟢 Support 3: 2584

Swing Levels:

Swing High: 2726

Swing Low: 2614

🔍 Technical Analysis of Gold

The Daily Current Market Price (DCMP) of 2669 is positioned between major resistance and support levels. These levels offer actionable zones for both buying and selling opportunities.

Key Technical Indicators:

Fibonacci Levels: Resistance and support levels align with Fibonacci retracement and extension zones, confirming their reliability for trade setups.

RSI Divergence: RSI shows neutral momentum, with no clear signs of overbought or oversold conditions.

MACD Crossing: MACD indicates steady momentum, with no significant crossover detected, suggesting price action will respect key levels.

🔍 Trade Setups for Gold

Intraday Buy Trade Setup

📍 Entry Price: 🟢 2635

🛡️ Stop Loss: 🛑 2615

🎯 Take Profit 1: 🟢 2667

💰 Take Profit 2: 🟢 2699

This trade setup is based on the strong support level at 2635, which aligns with Fibonacci retracement levels and pivot zones. Technical indicators suggest a potential bullish move near this area.

Intraday Sell Trade Setup

📍 Entry Price: 🔴 2699

🛡️ Stop Loss: 🛑 2726

🎯 Take Profit 1: 🔴 2667

💰 Take Profit 2: 🔴 2635

This trade setup focuses on the resistance level at 2699, which aligns with Fibonacci extension levels and pivot zones. RSI hints at potential overbought conditions near this area, and MACD supports a bearish outlook.

🔍 Summary of Support and Resistance Levels

Resistance Levels: 2699, 2718, 2750

Support Levels: 2635, 2615, 2584

Swing Levels: Swing High: 2726, Swing Low: 2614

Conclusion

Gold is currently trading near pivotal levels, with 2635 acting as a strong support zone and 2699 as a key resistance level. These levels provide structured trade setups for both intraday buying and selling opportunities. By integrating technical indicators such as Fibonacci retracement, RSI divergence, and MACD, traders can refine their strategies and make more informed decisions.