📈 Gold 17th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 2901

🔑 Key Support & Resistance Levels

Below DCMP (Support):

• Pivot: 2895

• Support 1: 2875 | Support 2: 2860 | Support 3: 2836

Above DCMP (Resistance):

• Resistance 1: 2923 | Resistance 2: 2938 | Resistance 3: 2962

📉 Technical Overview

• Pivot Levels: Weekly pivot (2895) acts as immediate support; Resistance 1 (2926) aligns with daily R1.

• Fibonacci Levels: Retracement zones align with Support 2 (2860) and Resistance 2 (2938).

• RSI: Neutral territory, hinting at potential bullish/bearish momentum shifts.

• MACD: Signal line crossover near DCMP suggests consolidation.

💡 Intraday Trade Ideas

1️⃣ Intraday Buy Setup

• Entry: 2895 🟢 (Weekly Pivot Support)

• Stop Loss: 2863 🔴 (Below Support 1)

• Take Profit 1: 2923 🟡 (Daily Resistance 1)

• Take Profit 2: 2946 🟡 (Weekly Resistance 2)

2️⃣ Intraday Sell Setup

• Entry: 2926 🔴 (Daily Resistance 1)

• Stop Loss: 2962 🔴 (Below Resistance 3)

• Take Profit 1: 2899 🟡 (Daily Pivot)

• Take Profit 2: 2875 🟡 (Daily Support 1)

🎯 Final Insight

Gold remains range-bound between 2895 (weekly pivot) and 2926 (resistance). A break above 2926 could target 2946, while a drop below 2895 may test 2875. Use tight stop losses and tiered profit booking.

Risk Disclaimer: Always validate setups with real-time data and adjust risk per your strategy. 🌟