📈 Gold 20th March 2025 Daily Analysis Based on Main Key Levels

The Daily Current Market Price (DCMP) for Gold stands at 3051. Below and above this level, we identify critical support and resistance zones that will guide our intraday trading strategy. Here’s a crisp and accurate analysis of the key levels and trade setups.

Key Levels Summary 🎯

Below DCMP (3051): Support Levels

BUY/Support1: 3030

BUY/Support2: 3023

BUY/Support3: 3012

Above DCMP (3051): Resistance Levels

SELL/Resistance1: 3052

SELL/Resistance2: 3059

SELL/Resistance3: 3070

Pivot Levels

Daily Pivot: 3041

Weekly Pivot: 2956

Swing High & Low

Swing High (Daily): 2956

Swing Low (Daily): 2880

Technical Indicators 📊

RSI Divergence: Neutral, indicating no clear overbought or oversold conditions.

MACD Crossing: Slight bearish crossover, suggesting potential short-term downward pressure.

Fibonacci Levels: Key retracement levels align with support and resistance zones, reinforcing their significance.

Trade Setups 💡

Intraday Buy Trade Setup

Entry Price: 🎯 3033

Stop Loss: 🛑 3020

Take Profit 1: 🎯 3045

Take Profit 2: 🎯 3055

Rationale: The price is near the BUY/Support1 level (3030), which aligns with the daily pivot (3041). This setup offers a favorable risk-reward ratio.

Intraday Sell Trade Setup

Entry Price: 🎯 3081

Stop Loss: 🛑 3095

Take Profit 1: 🎯 3065

Take Profit 2: 🎯 3055

Rationale: The price is near the SELL/Resistance3 level (3070), which acts as a strong resistance zone. This setup capitalizes on potential downward momentum.

Conclusion 🏁

Gold’s current price action is consolidating around key levels, offering clear intraday trading opportunities. The Intraday Buy setup at 3033 and the Intraday Sell setup at 3081 are both well-defined with tight stop losses and achievable take profit targets. Always monitor price action and adjust strategies accordingly.