📈 Gold 18th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 3011

🎯 Key Levels Summary

Above DCMP (Resistance):

Immediate Resistance: 3033 (Weekly R2)

Strong Resistance: 3081 (Weekly R3)

Below DCMP (Support):

Immediate Support: 3004 (Weekly S1)

Strong Support: 2987 (Daily S1)

Swing High/Low:

Daily Swing High: 2956

Daily Swing Low: 2880

🔍 Technical Analysis Snapshot

Pivot Levels: Weekly Pivot at 2956; Daily Pivot at 2995.

Fibonacci Levels: Retracement zones align with key supports (2987–2975) and resistances (3033–3081).

RSI: Neutral territory, no clear divergence observed.

💡 Trade Idea 1: Intraday Buy Setup

Entry Price: 🟢 3004 (Weekly S1)

Stop Loss: 🔴 2982 (Below Daily S2)

Take Profit 1: 🟡 3033 (Weekly R2)

Take Profit 2: 🟢 3081 (Weekly R3)

Rationale: Price retesting Weekly S1 with confluence from Daily S2 (2982). Upside targets align with Weekly R2/R3.

💡 Trade Idea 2: Intraday Sell Setup

Entry Price: 🔴 3033 (Weekly R2)

Stop Loss: 🟢 3050 (Above Weekly R3)

Take Profit 1: 🟡 3004 (Weekly S1)

Take Profit 2: 🔴 2987 (Daily S1)

Rationale: Resistance cluster at Weekly R2; downside targets near key supports.

📉 Critical Observations

Risk Zone: A break below 2975 (Daily S3) invalidates bullish setups.

Momentum Trigger: Close above 3033 may accelerate bullish momentum toward 3081.

📌 Final Note

Use tight stop losses and trail profits at TP1. Monitor MACD for crossover signals and price action at listed key levels.