🏆 Gold 20th February 2025 Daily Analysis Based on Main Key Levels

Current Market Price (DCMP): 2941

📍 Key Levels Summary

Above DCMP (Resistance/Sell Zones):

Immediate Resistance: 2943 (Daily R1)

Strong Resistance: 2946 (Weekly R2) 🚨

Major Swing High: 2977 (Weekly R3)

Below DCMP (Support/Buy Zones):

Immediate Support: 2922 (Daily S1)

Strong Support: 2926 (Weekly S1) 🛡️

Major Swing Low: 2904 (Weekly S3)

📊 Technical Analysis

Pivot Levels:

Weekly Pivot: 2895 | Daily Pivot: 2932

Fibonacci Retracement:

61.8% Retracement aligns with 2926 (Weekly S1).

RSI: Neutral at 48, no divergence observed.

MACD: Approaching bullish crossover near 2926 support.

💡 Trade Setups

🟢 Intraday Buy Setup

Entry: 2926 (Weekly S1) 🎯

Stop Loss: 2904 (Weekly S3) ❌

Take Profit 1: 2943 (Daily R1) ✅

Take Profit 2: 2946 (Weekly R2) ✅

Rationale: Price retesting Weekly S1 with MACD bullish crossover.

🔴 Intraday Sell Setup

Entry: 2946 (Weekly R2) 🎯

Stop Loss: 2961 (Daily R3) ❌

Take Profit 1: 2932 (Daily Pivot) ✅

Take Profit 2: 2926 (Weekly S1) ✅

Rationale: Strong rejection expected at Weekly R2 resistance.

⚠️ Risk Management Tips

Use 1:2 risk-reward ratio.

Avoid trading during major news events.

Adjust position size based on stop loss distance.