📈 Gold 21st February 2025 Daily Analysis Based on Main Key Levels

Current Market Snapshot 🔍

Daily Current Market Price (DCMP):

2931

2931

Swing High: 2742 | Swing Low: 2730 (Daily/4H timeframe)

Key Levels Relative to DCMP 🎯

Below DCMP (Support Zones):

Immediate Support: 2927 (BUY/Support1)

Strong Support: 2920 (BUY/Support2)

Critical Floor: 2908 (BUY/Support3)

Above DCMP (Resistance Zones):

Immediate Resistance: 2946 (SELL/Resistance2)

Strong Resistance: 2951 (Daily SELL/Resistance1)

Weekly Ceiling: 2977 (Weekly SELL/Resistance3)

Technical Analysis 🔧

Fibonacci Levels:

Retracement levels align with 2927 (38.2%) and 2908 (61.8%) support zones.

Extension targets at 2946 (123.6%) and 2977 (161.8%).

Momentum Indicators:

RSI shows bullish divergence near support zones.

MACD hints at potential bullish crossover at 2927.

Intraday Trade Setups 💼

1️⃣ Intraday Buy Trade

Entry: 🎯 2926 (Daily BUY/Support1)

Stop Loss: 🚫 2908 (BUY/Support3)

Take Profit 1: ✅ 2946 (SELL/Resistance2)

Take Profit 2: ✅ 2958 (Daily SELL/Resistance2)

2️⃣ Intraday Sell Trade

Entry: 🎯 2946 (SELL/Resistance2)

Stop Loss: 🚫 2970 (Daily SELL/Resistance3)

Take Profit 1: ✅ 2927 (BUY/Support1)

Take Profit 2: ✅ 2908 (BUY/Support3)

Strategic Insight 💡

Gold consolidates near pivot (2939) with bullish bias below 2946. Watch for:

Break above 2946 → Target 2977 (weekly resistance).

Hold below 2927 → Test 2908 support.

Trade at defined levels only. Risk <2% per trade. 🛡️