📈 Gold 19th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 3036

Key Levels:

Above DCMP (Resistance): 3038, 3048, 3062, 3081

Below DCMP (Support): 3023, 3009, 2999, 2985

📊 Technical Overview

Support/Resistance & Pivot Levels

Daily Pivot: 3023

Swing High: 2956 (Daily Timeframe)

Swing Low: 2880 (Daily Timeframe)

Critical Resistance Cluster: 3062–3081 (Weekly Pivots)

Immediate Support Zone: 3009–2999

Key Indicators

Fibonacci Retracement: Price hovering near 61.8% retracement level (3023–3038).

RSI Divergence: Bearish divergence on 4H chart, signaling potential short-term reversal.

MACD: Bearish crossover on daily timeframe, indicating weakening momentum.

💡 Trade Setup

Intraday Buy Idea 🟢

Entry: 3033

Stop Loss: 3004 (❗Key support breach)

Take Profit 1: 3062 🎯 (Weekly Resistance 1)

Take Profit 2: 3081 🎯 (Weekly Resistance 3)

Rationale:

DCMP (3036) aligns with daily pivot (3023) and Fib support.

Rebound expected near 3033–3009 demand zone.

Intraday Sell Idea 🔴

Entry: 3081

Stop Loss: 3100 (❗Above Weekly Resistance 3)

Take Profit 1: 3048 🎯 (Daily Resistance 2)

Take Profit 2: 3033 🎯 (Daily Pivot)

Rationale:

Strong confluence at 3081 (Weekly Resistance 3 + bearish RSI/MACD).

Sell zone validated by overextension from DCMP.

📉 Market Sentiment

Bullish Scenario: Sustained break above 3062 could target 3081.

Bearish Scenario: Close below 3009 may trigger slide toward 2985.

Conclusion 🏁

Gold faces stiff resistance near 3081, while dips toward 3009 offer buying opportunities. Prioritize risk management with tight stop losses. Monitor MACD for momentum shifts and RSI for divergence signals.